Eliminate the Centre's revenue deficit by 2009
“The UPA government commits itself to eliminating the revenue deficit of the centre by 2009”
HAWA HAWAIBroken
The verdict
The FRBM target date for eliminating the revenue deficit was postponed to 31 March 2009 and then suspended in 2009 after the financial crisis. The deficit was 1.1% of GDP in 2007-08 and the zero target was not met.
Rule applied: Broken: abandoned, reversed or officially dropped → 0
“Zero revenue deficit by 2009 met a global financial crisis instead.”
Stated deadline: 31 Mar 2009Confidence: mediumAI draft · review pending
0/10
Evidence timeline
- Other31 Mar 2009· WikipediasupportsFiscal Responsibility and Budget Management Act, 2003 ↗
“Revenue-deficit elimination date postponed to 31 March 2009; targets "initially postponed and subsequently suspended in 2009" after the 2008 financial crisis; revenue deficit 1.1% of GDP in 2007-08.”
More economy promises from this manifesto
Create a Backward States Grant Fund to create productive assets
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Sustain economic growth of at least 7-8% a year over a decade
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Raise FDI inflows to two to three times the present level
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Promise ID upa-cmp-2004-021 · drafted 4 Oct 2026 by research-agent · JSON