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

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Central Budget Only the First Phase

Central Budget Only the First Phase

Bhabatosh Datta When all is said and done, the facts about the 1987-88 budget that stand out are the feeble efforts to increase revenues, the failure to control expenditures and the continuance of large inflation-potent deficits. Since there seems to be little prospect of successful control of expenditure, revenues have to be increased. And if revenues have to be increased, there have to be more taxes and increases in the administered prices in the coming months. The present budget then becomes only the first phase of budgeting for the yean subsequent phases coming later through supplementary tax bills and price-increases through executive orders.

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