Union Budget, 1989-90

Atul Sarma While the 1989-90 budget claims to further the objectives of growth and modernisation, the same can hardly be said about the goals of self reliance and social justice. There is nothing in the budget to even slow down the growing dependence on external borrowing. Similarly, the budget does no more than pay lip service to dealing with the two basic problems of the economy, viz, skewed income and asset distribution and mass poverty.