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The Survey, while underplaying the short-term outlook, takes a wider and long-term perspective on growth and presents a reform agenda in order to achieve the 2047 goal
The key change on the expenditure side is the focus on outcomes as well as saturation of beneficiaries
Economy-wide modelling while facing multiple exogenous shocks is clearly a task that is challenging and risky
The Survey forecast appears to be on a higher side, which could be aspirational and depends on the Budget proposals.
Having adopted flexible inflation targeting, macroeconomic consistency can be achieved through the adoption of flexible fiscal targets