Revenue Proposals Expected from Budget 2010

We expect Budget 2010 to lay down the roadmap for achieving a 10% Gross Domestic Product growth rate while containing inflation and the burgeoning fiscal deficit. This appears to be an impossible trilogy given that increased government spending and tax benefits are likely to be key growth drivers which would make inflation and fiscal deficit controls onerous tasks. Balancing these would be the most important task for the finance minister on Budget Day.


This article focuses on the revenue proposals expected from Budget 2010.

There has been an engaging debate on the rollback of the stimulus in the wake of the recovery. Opinions vary on both the timing and extent of the rollback. One school of thought argues that a withdrawal of the stimulus is imperative to contain rising inflation, while an opposing thought is that this would nip the economic recovery in the bud. Let us split the stimulus into fiscal and monetary measures.

readmore