Why Not Use Budget 2019 ?

   2019-07-06       93        News & Media
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The one thing finance minister Nirmala Sitaraman must do in her budget statement is to be transparent and upfront about the actual borrowings by the government.

The one thing finance minister Nirmala Sitaraman must do in her budget statement is to be transparent and upfront about the actual borrowings by the government.

In 2018-19, the Food Corporation of India (FCI) borrowed at least Rs 1,00,000 crore to meet the cost of Centre’s food procurement program. Similarly, the National Highway Authority of India has borrowed on behalf of the Centre to build roads. Public sector oil companies and electricity utilities have borrowed on the Centre’s account to deliver subsidies to the poor, whether in the Ujwala gas cylinder scheme or building last mile electricity infrastructure. 

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