A Budget that is mostly good but with one wrong move
1 month, 3 weeks ago

A Budget that is mostly good but with one wrong move

The Hindu  

The Union Budget has got many things right. Gross tax revenues Growth in the Government of India’s gross tax revenues have trended downwards in recent years. Level of government expenditure Tax and non-tax revenues, non-debt capital receipts and fiscal deficit together determine the size of government expenditure. In fact, this was so even in 2024-25, when the government’s total expenditure growth was 6.1% as against the nominal GDP growth of 9.7% as per the first advanced estimates. In the annexure statement titled ‘Statements of Fiscal Policy as required under the Fiscal Responsibility and Budget Management Act, 2003’, alternative paths of the debt-GDP ratio with nominal GDP growth assumptions of 10.0%, 10.5% and 11.0% are given.

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