The finance minister’s five budgets, including the 2023–24 budget, demonstrate a welcome commitment to transparency. They also reveal a clear strategy of combining high capital expenditure-led growth...
Budget 2023-24
Consolidation is necessary, but so is stimulus. The budget ably attempts both through gradual deficit reduction and better expenditure composition. But success also needs coordination with monetary...
Union Budget 2023–24 attempts to strike a balance between accelerating growth and achieving fiscal consolidation. The increased allocation to capital expenditure is important to crowd in private...
The fiscal deficit and expenditure composition in terms of revenue and capital expenditure in a pre-election budget capture the net effect of the compulsion of reducing taxes and levies, and spending...
An appropriate balance between fiscal rules and discretionary development spending within the overall borrowing limit of the Fiscal Responsibility and Budget Management Act is critical for macro...
The fiscal consolidation effort of the union government reinforces the fact that a sustained reduction in debt and deficit at the union level is critical for a fast improvement in the general...
Agriculture and rural incomes are under stress for several reasons. The budget has given importance to agriculture and allied activities and strengthening their cooperative model, digital...
In the context of the financial sector and budget 2023–24, it is argued that while the Emergency Credit Line Guarantee Scheme has played a significant role in the revival of credit growth, in the...
This article examines the implications of the structural changes in the budget both for the current year and in the medium term. It concludes that while augmenting capital expenditure growth may be...
