Budget 2024: Another Bad Year For Disinvestment
Collections still below estimates
Collections still below estimates
Direct tax collection constitutes 80% of the revised budget estimates for the entire fiscal year up to February 10, 2024.
The allocation for nutrient-based subsidy has been revised upwards to ₹60,300 crore in RE 2023-24 from ₹44,000 crore in BE 2023-24.
House panel finds that too much additional mid-year spending compromises the sanctity of Budget numbers.
The survey is optimistic on the medium-term prospects due to infrastructure capex focus of the government and supply-side reforms.
Covid-19 may force finance minister Nirmala Sitharaman to change the Budget maths. Look what happened to P. Chidambaram’s 2008-09 Budget projections when the global financial crisis hit in 2008.