‘Fiscal’ word is basically the money related to government or public. In our country, money related things like (how the money is raised, how it is invested, where it is invested etc.) are presented in so called “budget”, which is presented by central government on yearly basis.
Fiscal consolidation is like “WASULI” (Policy) by the government to reduce their deficit and to accumulate some money for their spending.
"WASULI" basically refers to the way; you give your money to government, like—Income tax, PPF and all kind of tax which pays money to government.
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