Too much should not be read into it, except it does reflect the Government’s directional thinking in its focus areas of spends and its revenue generation plans, writes Robin Banerjee.
The excess of expenditure over receipts have been kept under reasonable control. It is targeted at 3.3% of gross domestic product for next year from 3.4%. This is good news as inflationary pressures should remain under control.
The broad expectations of 2019 Budget are: spur growth, keep the fiscal deficit in check and preserve government borrowing under control.
The latest 1st Feb Budget did not have its usual brouhaha as it was supposed to be an Interim Budget till the new Government takes over in a few months.
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