Business Standard

Budget-making during recovery

The challenges before the coming Budget are more daunting than those in 2021

Illustration
Premium

Illustration: Binay Sinha

A K Bhattacharya
When Finance Minister Nirmala Sitharaman presented her last Union Budget, the odds were heavily stacked against her. The Indian economy was going through its worst contraction and the uncertainty over the next Covid wave was looming large. But her Budget speech recognised both the challenges and the importance of bold steps to tackle them. In retrospect, the Budget for 2021-22 turned out to be a decisive one, launching new initiatives and transparent accounting, even while remaining committed to the broad goals of fiscal consolidation.

In her 2021 Budget, she had announced an ambitious national monetisation plan and a massive national
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 25 2022 | 11:06 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com