The concept of 'Intergenerational Equity' in fiscal policy emphasises:
A. Only reducing taxes for the current generation
B. Only short-term stabilisation
C. Fair distribution of the burden of public debt between present and future generations
D. Only maximising current consumption
Answer: Option C
Solution (By JKSSB Mock Tests)
Intergenerational equity requires that the burden of financing public expenditure and debt is distributed fairly across generations so that future generations are not unduly burdened.
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