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Puerto Rico OBoard files status report ahead of T3 omni hearing tomm & it's a litany of failure: + Little consolidation of PR's 120 govt agencies as promised in fiscal plans + Proposed *increases* in pension payments + Years behind on audits #muniland 

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@15thFinCom  met today to discuss chapters for report, discussed topics related to fiscal consolidation

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In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, the IMF spokesperson said. @IMFNews 

Economic growth will turn positive for Asia in 2H20, but the process of fiscal consolidation is set to be more protracted for the region #fitchwire  #APAC 

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The meeting on Friday discussed a wide gamut of issues around GDP growth, the tax buoyancy of the Centre and the states, GST compensation and fiscal consolidation.

Finance Ministry says, the meeting discussed a gamut of issues around #GDP  growth, tax buoyancy of the Centre and the States, #GST  compensation and fiscal consolidation.

The topic of the meeting is ‘Final discussion on GDP growth, tax buoyancy of the Centre and the States, GST compensation, revenue deficit grant and fiscal consolidation’, an official statement said.

Economic Advisory Council of the 15th Finance Commission will hold a day-long meeting with the members tomorrow. Final discussion on GDP growth, tax buoyancy of centre & states, GST compensation, revenue deficit grant and fiscal consolidation will take place: Finance Commission

As a way forward, Acharya urges New Delhi to push for fiscal consolidation, reorient government expenditures from revenue to capital account, and ensure honesty of fiscal accounts.

The government should have a clear exit strategy and credible milestones for fiscal consolidation in the coming years, the Reserve Bank of India said on Tuesday

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* Fitch Revises United States' Outlook to Negative ... “to reflect the ongoing deterioration in the U.S. public finances and the absence of a credible fiscal consolidation plan .. High fiscal deficits and debt .. have started to erode the traditional credit strengths of the US.”

Fitch cuts US rating outlook to negative from stable, citing ongoing deterioration in public finances and the absence of a credible fiscal consolidation plan. General govt debt is expected to exceed 130% of GDP by 2021, Fitch said. Rating affirmed at AAA.

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Elaborated on our endeavours to achieve fiscal consolidation, aspects relating to credit, FDI, manufacturing & long term agriculture reform.

The Government is firmly committed to the path of fiscal consolidation. Government debt as percentage of GDP is consistently declining. India has achieved a rating upgrade after a long wait: PM

PM and FM have relentlessly pursued the agenda of fiscal consolidation, ensuring that Govt's policies benefit the last man at the bottom of the pyramid.

JUST IN: S&P keeps outlook on India stable, lauds govt's fiscal consolidation drive

Ensuring solid fundamentals : Steadyfiscal consolidation on course to 3% level. #NewIndiaTakeOff 

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Let me emphasise (on) fiscal consolidation. We have met ambitious fiscal targets in each of the previous two fiscal years: PM @narendramodi 

We embarked on a course of fiscal consolidation. We entered for 1st time into a monetary framework agreement with RBI to curb inflation: PM

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