27 October, 2020

Gathering Clouds

Gathering Clouds
outlookindia.com
-0001-11-30T00:00:00+05:53
  • Rising revenue deficit, pegged at over 5 per cent of GDP
  • Gross fiscal deficit— Centre plus the states— could top 9 per cent, the highest in the decade
  • GDP growth of 6- 6.5 per cent while the budget calculations are based on 7 per cent
  • Two- thirds of the Centre's revenues going in interest payments
  • The inability of central and state governments to cut subsidies and poitical giveaways
  • 70 per cent of the government's annual borrowing target consumed in just three months
  • Rs 10,000 crore disinvestment target not being met due to election hiatus
  • Possibility of a Kargil cess
    unsub

    THIS ARTICLE IS PRICELESS...

    To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


  • In this article:

    Latest Magazine

    November 02, 2020
    content

    other articles from the issue

    articles from the previous issue

    Other magazine section