Editorial: Budget and our ground realities
Monday, June 15, 2009
Daily Times, Monday, June 15, 2009
The Budget 2009-10 has an outlay of Rs 2.48 trillion with an anticipated deficit of Rs 722.5 billion or 4.9 percent of GDP, aiming at a growth rate of 3.3 percent of the GDP. A negative reaction to it at the national level has already set in, which is intense despite the fact that this kind of thing happens routinely every year, starting many decades ago when the country first tilted into political instability, bad law and order and terrorism. Budgets have always “disappointed” everyone and not lived up to their projections. Hence the lack of confidence in budgetary predictions.
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The Budget 2009-10 has an outlay of Rs 2.48 trillion with an anticipated deficit of Rs 722.5 billion or 4.9 percent of GDP, aiming at a growth rate of 3.3 percent of the GDP. A negative reaction to it at the national level has already set in, which is intense despite the fact that this kind of thing happens routinely every year, starting many decades ago when the country first tilted into political instability, bad law and order and terrorism. Budgets have always “disappointed” everyone and not lived up to their projections. Hence the lack of confidence in budgetary predictions.
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Labels: Budget, Development, Economy
posted @ 9:26 AM,
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