Which of the following incidents is NOT a part of the Medium-Term Fiscal Policy under the Fiscal Responsibility and Budget Management Act, 2003?
Trade deficit as a percentage of GDP
The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, targets key fiscal indicators like revenue deficit, fiscal deficit, and primary deficit to ensure macroeconomic stability and fiscal discipline. Trade deficit, which refers to the difference between a country's imports and exports, is an external sector indicator and not part of the domestic fiscal parameters monitored under this Act.
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