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Interim Budget has sops for voters, slips on fiscal deficit target again

Goyal broke with interim budgets' precedent to announce a tax cut: a rebate for taxpayers with a taxable income of less than Rs 5 lakh who would now, in effect, pay no income tax

Topics
Interim Budget 2019  |  Budget 2019  |  Fiscal Deficit

Mihir S Sharma  |  New Delhi 

In his presentation of the interim Budget for 2019-20 in the Lok Sabha on Friday, Finance Minister Piyush Goyal made a strong pitch for the re-election of the National Democratic Alliance government.

Although the convention is that a government facing re-election does not make any major taxation or spending proposals that would tie the hand of the next government, which would present the full Budget subsequently, Goyal’s speech laid out a series of appeals and promises to different sections of the electorate. While doing so, Goyal allowed the government’s commitment to fiscal ...

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First Published: Fri, February 01 2019. 21:22 IST