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Budget 2021: Consider A Mid-Year Fiscal Deficit Reset In FY22, Says Indira Rajaraman
The FY22 budget estimate should carry a formal provision for a mid-year review, suggests Indira Rajaraman.
Projections made when the government presents its Union Budget on Feb. 1 should be subjected to a mid-year review given the prevailing volatile economic conditions. That’s according to economist Indira Rajaraman, a member of the 13th Finance Commission.The Covid-19 crisis threw the budget for 2020-21 into disarray as government revenue collections plunged due to the nationwide lockdown imposed to curb the virus. As a consequence, the...
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