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

A+| A| A-

Fiscal Consolidation

Fiscal consolidation is a desirable goal in itself and would also facilitate the attainment of the other four objectives of the 2003-04 Budget. Such consolidation would require, primarily, a substantial increase in tax/GDP ratio. However, the current budget has not made any significant effort in this direction. On the other hand, the effects of changes in existing tax rates and exemptions and changes in the debt policy make the attainment of the revenue targets even more difficult.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here


(-) 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