Surajit Mazumdar
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A remarkable feature of the first budget of
the Modi government was that the numbers in it (Table 1 for a summary) – of the
revenues that are anticipated from different source, the expenditures allocated
to different heads and the fiscal deficit which expresses the gap between the
aggregates of these - were almost identical to those in the interim budget
presented earlier in the year by the UPA government.
A remarkable feature of the first budget of
the Modi government was that the numbers in it (Table 1 for a summary) – of the
revenues that are anticipated from different source, the expenditures allocated
to different heads and the fiscal deficit which expresses the gap between the
aggregates of these - were almost identical to those in the interim budget
presented earlier in the year by the UPA government.