Question

What was the in expected that happened with swaminathan

Answer 1

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In the first budget, the government can sketch out the plans for the next five years. This does not have to be a budget just about 2019-20. It can also be a budget for the next five years, said Swaminathan Aiyar.

In the context of the last interim budget, before we went into elections, there were a lot of forward looking statements like some sops to the middle class, a roadmap of sorts was laid out in that budget. As the main budget comes up in July, does it set the framework for the new finance minister to take things forward?

Well there are short term issues and rather long-term issues in presenting a final budget. Within that, instead of focussing on what was promised on the interim budget, the more important thing to watch out for since it appears the economy is slowing down much more than was expected in February is whether there is going to be a fiscal boost at this particular point to revive the economy.