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Interview with Dr Lekha S. Chakraborty
(Professor and Chair, NIPFP NET-Website Committee, National Institute of Public Finance and Policy, New Delhi & Research Faculty Associate, The Levy Economics Institute of Bard College, New York)
In the Gender Kaleidoscope segment in Pragati, …
The uses of running a deficit
06/05/2024
GROWTH STRATEGY. An interplay of fiscal and monetary policy would be needed to serve developmental goals.
The predominant narrative of the Interim Budget 2024 is the macroeconomic stabilisation function of a government in times of poly-crisis. The Finance Minister has reiterated that the fiscal consolidation …
Against the backdrop of geopolitical uncertainties and war, the finance minister has strictly adhered to the macroeconomic stabilization function of the government in the interim budget 2024, with fiscal deficit-to-Gross Domestic Prod- uct (GDP) ratio pegged at 5.1% in FY25. She announced that the revised estimate of fiscal deficit-GDP …
The Finance Minister has articulated her budget as a “humane” budget with fiscal consolidation as a primary consideration. A “beyond GDP” emphasis is welcome, incorporating the widening inequalities, climate change concerns and human capital formation.
Beyond the headline fiscal deficit number to GDP ratio …