ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Continuation of Under-taxation and Under-spending

Budget 2016

Yet another opportunity--this time blessed by windfall gains from lower global crude oil prices--has been bypassed. Budget 2016 sticks to fiscal consolidation and ends up producing a budget where off-budget borrowings help the numbers showing fiscal rectitude and the budget unrealistically increases tax revenue, and within that focuses on the more regressive indirect taxes.



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