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

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Fiscal Policy, Projections and Performance

S Guhan The Budget for 1986-87 is the first one to follow the publication of the Seventh Plan and the Long-Term Fiscal Policy (LTFP). The Plan document gives the latest estimates in regard to the financing of the Sixth Plan and sets out a specific scheme for the financing of the Seventh. The LTFP provides a historical review of budgetary trends, identifies the major issues that have emerged, and projects the pattern of Plan and non-Plan financing for 1985-90. The Plan and the LTFP outline the desirable directions in which fiscal policy ought to evolve. We thus have a quantitative and qualitative framework with reference to which the first two budgets of the present government can be assessed.

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