ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Fiscal Deficit and Public Enterprises

Fiscal Deficit and Public Enterprises Ramaswamy R Iyer IN Guhan's characteristically incisive piece on the budget (EPW, August 24, 1991) there is one rather curious and (in my view) in- adequately considered proposition, namely, that the central government's fiscal deficit and what corresponds to it in the case of public enterprises should be viewed together. This needs to be challenged before it gains currency and becomes part of accepted wisdom.

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