Aditya Das, Assistant Professor, City College of Commerce and Business Administration puts his opinion on Interim Budget 2019-2020
A balanced budget is necessarily have to a good budget & in contrast to Union budget 2019-20 is a balanced one because fiscal deficit is at 3.4% which indicates efficient handling of fiscal management against Rs 2784200cr of total expenditure.
Moreover,the budget strengthens the federal finance structure of the country for having 23% of total expenditure with the states.
Focusing on the middle income group (income tax benefit s), small farmers ( Rs 6000 as Financial aid), Unorganized labour ( pension of RS 3000),for the first time in India budget directly affects more than 75% of the population.
Compared to the previous UPA era the macroeconomic fundamentals r well managed by NDA as GDP growth rate stood at 7.2 % against 4.7% in 2013-14. Fiscal deficit stood at 3.4% compared to 4.6% in 2013-14. And most importantly inflation (WPI-3.8%,CPI-2.19%) against of UPA era (WPI-5.2%,CPI-9.4%).
So,this budget is not only populist budget but also a efficient fiscal handling as well..