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At the cost of welfare
Down To Earth
|February 16, 2024
The Interim Budget 2024-25 took a cautious approach to reduce fiscal deficit. This prioritisation led to inadequate allocations for key sectors
BEING THE final Union Budget before the 2024 Lok Sabha elections, there was a lot of expectation surrounding the 2024-25 Interim Budget. However, its cautious approach has left a sense of uncertainty about what lies ahead. There was a clear emphasis on fiscal consolidation, aiming to contain the deficit at 5.8 per cent for the current year and projecting a further reduction to 5.1 per cent in the upcoming fiscal year. This prioritisation led to inadequate allocations for key sectors and social welfare programmes.
This story is from the February 16, 2024 edition of Down To Earth.
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