WHAT DO YOU MAKE OF THE BUD­GET ES­TI­MATES FOR REV­ENUE COL­LEC­TION/ SPEND­ING TAR­GETS? DO YOU FIND THIS BUD­GET FISCALLY PRU­DENT?

India Today - - COVER STORY -

AD.K. JOSHI

Tar­gets seem achiev­able. Over­all, the bud­get is fiscally pru­dent

ASHIMA GOYAL

There are un­cer­tain­ties due to GST. Du­ties on pe­tro­leum should also come down. Even so, the bud­get is fiscally pru­dent

USHA THO­RAT

It all de­pends on whether the op­ti­mism in the rev­enues for 2017-18 works out. Oth­er­wise, it has stuck to the path of pru­dence

ADITI NAYAR

The fore­cast for gross tax rev­enue growth (12.2 per cent) may be slightly op­ti­mistic, par­tic­u­larly if the in­tro­duc­tion of GST brings with it the com­pli­ca­tions the Eco­nomic Sur­vey warned about.

The ex­pe­ri­ence of FY2016 and FY2017 has shown that dis­in­vest­ment in­flows of Rs 20,00030,000 crore are re­al­is­tic, even in years when FIIs are not par­tic­u­larly en­thu­si­as­tic about in­vest­ing in In­dian eq­uity. The dis­in­vest­ment and strate­gic divest­ment tar­get of Rs 72,500 crore for FY2018, which is equiv­a­lent to 0.4 per cent of GDP, ap­pears op­ti­mistic at this junc­ture. The abil­ity to meet this tar­get will be crit­i­cal to achieve the gov­ern­ment’s fis­cal con­sol­i­da­tion plan

N.R. BHANUMURTHY

The bud­get tried to achieve fis­cal pru­dence, though it is not clear what the N.K. Singh Com­mit­tee has rec­om­mended in terms of FRBM tar­gets. How­ever, there are some un­re­al­is­tic tar­gets on the rev­enue side, es­pe­cially cap­i­tal re­ceipts (dis­in­vest­ment), while on the ex­pen­di­ture side, there may be some un­der­es­ti­ma­tion of sub­si­dies

RA­JIV KU­MAR

The rev­enue es­ti­mates may be a bit un­sure given that we have the GST com­ing up. Ex­pen­di­tures are okay but their ef­fi­cient util­i­sa­tion will be key. Last year, ap­par­ently 33 min­istries could not utilise their bud­geted al­lo­ca­tions. This is not good

ASHOK GU­LATI

Yes, fiscally pru­dent... avoided dis­tribut­ing too many free­bies

NAUSHAD FORBES

Yes, I think this is the main fea­ture of the bud­get. Rev­enue tar­gets are not in­flated and rev­enue spend­ing has been kept in control. The only es­ti­mate which to me is not cred­i­ble is the tar­get set for dis­in­vest­ment. We must aim to achieve this, and the an­nounce­ment of an agency to list pub­lic sec­tor firms in a time-bound man­ner is pos­i­tive, but I’d have liked to see more tan­gi­ble an­nounce­ments of quick pri­vati­sa­tion in the bud­get, given how long this has been pend­ing.

SAMIRAN CHAKRABORTY

Bud­get num­bers are quite cred­i­ble ex­cept dis­in­vest­ment and RBI div­i­dend, which might have been over­es­ti­mated. On the other hand, we might see an up­side in tax rev­enues, which could have been un­der­es­ti­mated in the bud­get

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.