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

The Budget in the Context of Long-Term Development

The finance minister wanted to provide a growth-promoting budget. But budgets cannot promote growth or even arrest the process of slowing down if the fundamentals are not addressed squarely and carefully. These fundamentals belong to the sphere of political economy and are not just economic or financial. They are the long-term factors which determine the outcomes of policies. The budget of a particular year must be seen against these longterm factors to assess its impact or its likelihood of success.



Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top