Budget to be introduced today The most difficult budget of the decade
New delhi date. 31 January 2020, Friday
The budget presented tomorrow will be the toughest / toughest budget of the last decade, amid a host of challenges on the economy and the economic front. Due to various adverse factors, all the important indicators of the economy have come down and on the other hand new investment is constantly declining. The serious thing about this is that new investments have come in at the bottom of 5 years. On the other hand, the growth of the economy is at the bottom of the decade.
Let's take a look at some of the key issues touching the budget this time around
૧. Economy:
* 1% of the country's GDP - 3 years at the bottom.
* Usage: 5% - 3 years bottom
* Only 5% of investment - 3 years at the bottom
* Productive activity 3% - 3 years bottom
* The growth of the agricultural sector is 8.5 percent - at the bottom of 5 years
૨. High inflation:
CPI-inflation rose to 8.5 percent last December. This figure is well above all targets.
à«©. Financial deficit:
The government is also likely to lose its fiscal deficit target this year due to a slowdown in the economy. If the figure of the deficit rises to 5.5%, then there will be adversity on the economic front.
૪. Tax collection:
The recovery of taxes has been adversely affected on the backward government treasury on all fronts. Under these circumstances government's hands are bound to declare relief.
à««. Investment:
Due to various adversities, new investments have come down and on the other hand the government's borrower has also increased.
૬. Credit Flow:
The bank credit flow has declined by 8.5% in the last year. This is the second lowest figure in the decade.
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