Methology of public economic realitive to unioun budget 2017
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Budget 2017 was unique because it changed the age-old tradition of being presented on
the last day of February, and for the first time in independent India, the Railway Budget
was combined with the general Budget. However, what was perhaps more unique were
the circumstances under which it was being presented. Not only the global headwinds of
an unprecedented nature, but also the huge uncertainty regarding where the current
year will finally end in terms of GDP growth and related tax collections as well as the
mid-year GST roll out and its attendant uncertainties, created complexities in
estimating tax revenues for the coming year. In the midst of having to balance fiscal
prudence, throw in a good measure of populism to blunt the pain of demonetisation and
to spur both private and Government investment to get back to double-digit growth in
the medium-term was not going to be easy.
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