People will be interested to see if the government comes out with actual borrowing figures, this time, says Sandip Sabharwal, analyst, asksandipsabharwal.com Budget has been prone to being a non-event for the markets. The expectations this time are low and the prime minister himself has talked about how we have had four mini Budgets over 2020 alluding to a slew of incremental reforms that the government has tried to put in place through the year. What could be the silver lining this time around?The allocations to capital expenditure should increase but the fact of the matter is that in terms of fiscal deficit per se, we need to look at figures. This year, the government is expected to borrow around Rs 11.5 crore which is almost 4 lakh crore more than what they did last year. With the improvement in growth, tax revenues, etc, the expected borrowing is expected to be Rs 2 lakh crore more than what it was in 2019-20. As normalcy returns, as extraordinary liquidity of the RBI gets removed,...
Discover amazing career opportunities with Best Job in the World—a global platform created for dreamers eager to transform their passion into a profession.