https://www.taxtmi.com/news?id=22907 The Advisory Council reviewed pandemic effects on Union and State fiscal positions, highlighting uncertainty in GDP growth, asymmetric reductions in tax revenue due to disrupted supply chains, and resultant pressures on deficits and general government debt. Members emphasised expenditure burdens from health and social support and discussed constraints and options for establishing a path for public debt consolidation, stressing the challenge of designing equitable fiscal transfers and the need for ongoing monitoring of economic and fiscal indicators to inform assessments. en-us Fri, 26 Jun 2020 18:05:28 +0530 Fri, 26 Jun 2020 18:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22907 The Advisory Council reviewed pandemic effects on Union and State fiscal positions, highlighting uncertainty in GDP growth, asymmetric reductions in tax revenue due to disrupted supply chains, and resultant pressures on deficits and general government debt. Members emphasised expenditure burdens from health and social support and discussed constraints and options for establishing a path for public debt consolidation, stressing the challenge of designing equitable fiscal transfers and the need for ongoing monitoring of economic and fiscal indicators to inform assessments. News - Fri, 26 Jun 2020 18:05:28 +0530 https://www.taxtmi.com/news?id=22907