At What Cost

Skylark 284 Frere Road Bombay 400001
Grams Econweekly Editor Krishna Raj Assistant Editors Rajani X Desai, Jawid Laiq Editorial Staff Colin de Souza, Ashok Rao, A A Dalvi THE government misses no opportunity to harp on its resolve to keep deficit financing down to the figure of Rs 126 crores contained in the Budget In this puritanical obsession with the precise figure of deficit financing, the tangled fiscal and monetary problems facing the economy as well as the cost of keeping the deficit down, in terms of cuts an the governments developmental expenditure, receive scant attention. And for all that, in the end the government is unlikely to achieve the objective of restricting deficit financing to Rs 126 crores