 "Infrastructure")
Beyond the detailed analysis of Budget numbers, it is probably more important to look at the intent and priorities of the government. In a world where pandemic swings, commodity price gyrations and inflation-led tightening are large unknowns, the Budget should also be analysed from two primary perspectives of credibility and intent.
There is a broad agreement that the Budget numbers are credible as revenue assumptions are not too optimistic; indeed, there are suggestions that the government has been a bit conservative in its estimates.
The more important intent question can be answered by looking at areas where the government intends to accelerate
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
