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Budget 2020-21 – How credible are the numbers?

So, the first Budget of the new decade is dotted with numbers that leave more questions than answers and is unlikely to decisively lift the pall of gloom from the economy and the markets.

February 03, 2020 / 06:45 PM IST
Budget 2020-21 – How credible are the numbers?

Finance Minister Nirmala Sitharaman arrives at her office before leaving for Parliament to present the federal budget in New Delhi. (Image – Reuters)

Madhuchanda Dey Moneycontrol Research Highlights - FRBM target gets shifted - FY20 revenue numbers questionable - FY21 tax revenue numbers credible - FY21 non-tax revenue numbers raise numerous questions - No significant jump in capital expenditure that calls for celebrations Desperate circumstances call for extraordinary actions and there is no doubt that the current environment of growth slowdown is certainly one that calls for special measures. The government has, therefore, used Section 4 (2) of the FRBM Act (fiscal responsibility and budget management) that provides for a trigger...

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