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Union Budget Analysis

Union Budget Analysis

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Published by Anshu Bhadoria
Budget 2009
Budget 2009

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Published by: Anshu Bhadoria on Jul 14, 2009
Copyright:Attribution Non-commercial

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02/05/2013

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2009 – 2010By PAT Team
UNION BUDGET ANALYSIS
 
What the FM said 
“Members would appreciate that a single budget speech cannot solve all our  problems,
nor is the union budget the only instrument to do so” – 
What he means
Market expectations unnecessarily overstated 
Scope for off-budget initiatives
 
Budget silent but not without direction
 The government is eager to play the role of growth driver at the expense of fiscal prudence in the near term –a calculated step but one that could be aSimultaneously, the budget urges an early return to measures aimedat:
reducing subsidies (expert group to advise on petroleum pricing),
increasing taxes,
curbing government expenditures, and
embarking on disinvestment (while retaining at least 51% inPSUs). 

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