Budgeting in the time of Trump: Balancing growth, jobs, and governance

The government must focus on improving governance and performance at PSUs and public sector banks (PSBs)

Economic policymaking must always reckon with uncertainty. There are times when the uncertainty is acute. The biggest challenge in recent years was the Covid-19 pandemic. It was hard to tell how long it would last. The policy response to it was, however, quite clear — fiscal and monetary stimulus, although nations came up with varying degrees of stimuli.

 

What looms ahead of the Union Budget for FY26 is, perhaps, even more challenging. Nobody quite knows how the US President-elect, Donald Trump, will proceed with his plans and how other nations will respond.  Also uncertain are his stance on the two