A good budget
- Reduces taxes
- Privatizes government companies
- Reduces bureaucracy and rules
- Reduces subsidies and expenses to cut deficit
The current budget raises taxes. There is no privatization of major government companies e.g. BSNL, MTNL, Airports, railways, etc. There is an reduction in bureaucracy. There is no cut in subsidies. The expenses on items like Defence and irrigation has gone up. Subsidies like loan relief has risen. The deficit has risen.
A government, which keeps spending more than it earns, causes inflation and suffering for citizens. Certain small groups may benefit temporarily from this budget, but in the long run Indian economy will be hurt by this budget.
No comments:
Post a Comment