October 12, 2017 8:02 AM

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EAC-PM wants govt to stick to its fiscal consolidation road map

The Economic Advisory Council to the Prime Minister (EAC-PM) wants the government to stick to its fiscal consolidation road map and has suggested that stimulus to the industry should not be at the cost of fiscal prudence. The Council met for the first time yesterday. <br/><br/>The council's chairman Bibek Debroy told reporters after the meeting that they will come out with implementable solutions for economic problems and present them to the Prime Minister. When asked whether the government can breach fiscal deficit to provide stimulus to the industry, Mr Debroy said that there is a consensus among the members that the fiscal consolidation exercise should not be deviated.<br/><br/> The industry is seeking fiscal stimulus to tide over the economic slowdown. He also said the council will have another formal meeting in November.

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