https://www.taxtmi.com/news?id=23235 Fiscal forbearance must be prioritised during systemic health shocks, with norms allowing reprioritisation of spending for health, skills and infrastructure and acceptance of the fiscal shock, while medium term frameworks incorporate escape clauses, automatic correction mechanisms and multiple fiscal indicators. The address stresses the three pillars of fiscal architecture-fiscal rules, financial management processes, and fiscal institutions-and calls for transparent disclosure of contingent liabilities, country specific debt anchors, and reinvigorated independent fiscal institutions to enable a credible path back to fiscal rectitude. en-us Wed, 07 Oct 2020 19:04:45 +0530 Wed, 07 Oct 2020 19:04:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23235 Fiscal forbearance must be prioritised during systemic health shocks, with norms allowing reprioritisation of spending for health, skills and infrastructure and acceptance of the fiscal shock, while medium term frameworks incorporate escape clauses, automatic correction mechanisms and multiple fiscal indicators. The address stresses the three pillars of fiscal architecture-fiscal rules, financial management processes, and fiscal institutions-and calls for transparent disclosure of contingent liabilities, country specific debt anchors, and reinvigorated independent fiscal institutions to enable a credible path back to fiscal rectitude. News - Wed, 07 Oct 2020 19:04:45 +0530 https://www.taxtmi.com/news?id=23235