नियोजन आयोगाच्या मते "सार्वजनिक बचतीत वाढ होऊन अत्यावश्यक सार्वजनिक गुंतवणूक अल्प राजकोषीय तुटीतून साध्य होईल ही मध्यमकालीन राजकोषीय धोरणाचे उद्दिष्ट होते. सुधारणांचा हा भाग दुर्दैवाने कधीच अंमलात आला नाही". याचे कारण म्हणजे.
(a) मोठे सार्वजनिक कर्ज
(b) उच्च व्याज दर
(c) ऋण (उणे) सार्वजनिक बचती
(d) जागतिकीकरण
पर्यायी उत्तरे :

The correct answer is Option A ((a) and (c)).

Key Points:
• Planning Commission on Fiscal Trends Post-1991:
• In its review of the post-1991 economic reforms during the Ninth and Tenth Five Year Plans, the Planning Commission pointed out serious deficiencies in fiscal management.
• Failure of Public Savings Enhancement:
• The strategy aimed at raising public savings to fund infrastructure and public investment while keeping the fiscal deficit under control was not achieved.
• Key structural causes cited by the Commission were massive accumulation of Public Debt (a) and the alarming deterioration of government savings turning into Negative Public Savings (Dis-savings) (c) due to bloated revenue expenditure on subsidies, salaries, and interest payments.
• Official Answer Key identifies pair (1) (a) and (c).
• Key Takeaway: Failure to boost public investment with lower deficits was primarily caused by high public debt and negative public savings.