Budget 2023: How technology may help achieve the impossible trinity

Experts have requested FM Sitharaman for a cut in income tax rates, increase in expenditure, and fiscal consolidation

Late Finance Minister Arun Jaitley had once said that he received requests for a cut in income tax rates, an increase in expenditure and fiscal consolidation for one of the Budgets that he was to present. He wondered how these three measures could be taken together.

The broad theme of the requests did not change much over time. Experts also requested incumbent Finance Minister Nirmala Sitharaman to do so for the Budget for 2023-24.

How can this impossible trinity in the context of Budget making be achieved?

The Centre's fiscal deficit is already projected to touch 6.4 per cent of