ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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1987-88 Budget and New Fiscal Strategy

1987-88 Budget and New Fiscal Strategy C T Kurien The budget is not just a statement of the housekeeping operations of the government, but more a pronouncement of the manner in which the government proposes to steer the entire economy. The 1987-88 budget assumes significance as the third in the series of the new administration's instruments of communication about its intentions for the shaping of the economy. This paper tries to make explicit the fiscal strategy that underlies the budget and to see the directions being set as we move into the twenty-first century. The essence of the new fiscal strategy, it is argued, is to make the island of affluence, or the upper crust of the economy, a largely self-serving segment.

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