Gross fiscal deficit has to reduce to 3.5 per cent of GDP by 1999-2000.A consolidated sinking fund to be set up to meet government's debt repayment needsParliament has to give RBI a mandate to keep inflation between 3 and 5 per centRBI has to withdraw from primary government borrowing programmes; government has to set up its own public debt officeInterest rates have to be fully deregulatedGrowth of weak banks to be curbedBad debts of banks have to be brought down from 14 per cent now to 5 per centDebt service ratio has to be brought down from 25 to 20 per cent of GDP
