Fiscal deficits trigger complex macroeconomic forces that contribute to inflationary pressure, impacting public debt, household well-being, and income distribution. #fiscaldeficit #inflation #interestrate Read more »
Various new schemes announced by the government will cause enormous fiscal strain despite record GST and direct tax collections this year. Read more »
The growth in GST collections points to a recovery, but questions remain over the trajectory of Indian economy in the coming fiscal. Read more »
Tamil Nadu economy is in a precarious position – just one wrong step by the new government can send the state finances flying off the cliff. Read more »
In Budget 2021, the finance minister seems to have utilised the pandemic-led fiscal slippage to clean up the government’s books at a modest marginal cost. Read more »
As the government was forced to raise debt to meet the health crisis and the economic slowdown, Budget 2021 should focus on a phased reduction of public debt. Read more »
Budget 2021 will be a tough balancing act for the government as it strives to meet conflicting ends of fiscal discipline and stimulus for economic revival. Read more »
The finance minister may be tempted to introduce a coronavirus cess in Budget 2021, but it will do more harm than good at present. Read more »
The proposed borrowing will not reflect on the Union Budget, but will appear as capital receipts in state budgets. Read more »
In case of a dispute between Centre and the states on the recommendations of the GST Council, a dispute resolution mechanism can be established. Read more »