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

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Macro Imbalances, Stabilisation Programme and Union Budget

and Union Budget B B Bhattacharya Given the overall economic background against which the 1991-92 budget has been framed, it was expected that the budget would carryforward the liberalisation programme in the area of fiscal policy. The budget pro- posals are, however, cautious in this regard.

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