FISCAL DEVELOPMENT
The process to improve the health of Fiscal Policy(Reducing the fiscal deficit) and making it sound enough to achieve macro-economic stability us called Fiscal Development.
As sound fiscal position is an essential pre-requisite for achieving macro-economic stability and such stability in return is helpful in promoting a strong and sustained economic growth and lasting poverty reduction.
In nut shell, shifting your fiscal policy from lax fiscal management to prudent one that can attain development goals is called FISCAL DEVELOPMENT.
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