The 2018-19 Union Budget*

Feb 3rd 2018, Prabhat Patnaik

The strategy of the current budget seems to be simple: make immense noise about “helping the victimized” but do not give an extra paisa from the budget towards that ends. With the expenditure squeeze being carried out to reduce fiscal deficit, the share of central government spending in GDP is in fact budgeted to fall.
    

* This article was originally published in The Citizen February 3, 2018


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