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.
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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.
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The broad expectations of 2019 Budget are: spur growth, keep the fiscal deficit in check and preserve government borrowing under control.
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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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