The concept of 'Intergenerational Equity' in fiscal policy emphasises:
A. Fair distribution of the burden of public debt between present and future generations
B. Only reducing taxes for the current generation
C. Only short-term stabilisation
D. Only maximising current consumption
Answer: Option A
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.
No comments yet. Be the first to start the discussion!