Budget 2009 presented in the parliament on 7th. By going through the same we can make out following points. People care for their benefits rather than whole budget. e.g. salaried people for income tax; corporate team for taxes on goods etc., But what is to be discussed is the methodology of preparing budget. Finance Minister does not have resources in his hand to distribute the same to the public. Fiscal deficit rises 6.8% Govt has to depend on borrowings. Borrowings and other liabilities accounts 34paise in a rupee of government income . Interest payment, specifically remeber only interest payment 19paise of government rupee goes. Prime Minister assurance during election of getting back swiss money within 100days does not find place in budget speech are alaraming things.
Rise in rates of petroleum and diesel indirectly helps price rise in transportation inturn it reflects in price rise in commodoties.
Central Government should take the people of the country to face the recession effect and try to remove dependency on borrowings.
Hope all elite people will think the effects of central budget in right perspective and inform the common man pros and cons of the budget.
subject experts should suggest the government to come out of the foreign debt as well as borrowings debt trap within fixed time.
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