ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Loose Ends in the Budget

Loose Ends in the Budget M R Nair The budget for 1976-77 Seeks to step the Plan provision from 32.3 per cent of the centre's aggregate disbursements as in 1975-76 (revised estimates) to 367 per cent. This presumes a tight reining in of non-Plan expenditure which may not be actually achieved. The allocations for defence, general services and non-Plan loans to states, to mention only three heads, appear to be insufficient and, therefore, are likely to be exceeded. If Plan outlay is nevertheless retained intact, the result may be a much larger deficit than envisaged in the budget.

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