Budget 2019 has adequate funding for ongoing projects: Vinayak Chatterjee

Sustaining economic growth still depends on public expenditure for infrastructure projects. Concern for the infrastructure sector has been fiscal headroom available to continue financing projects under implementation. Maintaining momentum of project execution is crucial. Any interim hiccups for the lean period (March to September, due to elections) might lead to a slowdown. Apprehensions in the run-up to February 1 justifiably related to:

One: Government spending has been high, revenues are down. Meeting the fiscal deficit target of 3.3 per cent of gross domestic product (GDP) is a challenge. The Prime Minister’s Economic Advisory Council (PMEAC) and fiscal hawks have warned against