Panel for deficit free financing

Stating that mobilisation of resources of this order has predicted about a number of measures to be taken by the Centre, the state and the public sector undertakings, the draft document stressed on a quot;strictquot; fiscal discipline in terms of containment of non-plan expenditure and increase in tax and non-tax revenue. The Rs 8,59,200 crore public outlay at 1996-97 prices, up 33 per cent in real terms from Rs 4,34,100 crore of the approved Eighth Plan outlay, includes Rs 3,74,000 crore as budgetary support from the Centre.