Its growth-supportive moves and the transparency it bestows on central accounts deserve applause
A few days before the budget, the Controller General of accounts had updated the government accounts for December. With that, nine months of data for 2020-21 are now available. Total revenues were at nearly 50% of the budgeted levels. Given that disinvestment receipts have been non-existent, this was a rather creditable achievement. Total expenditure was at nearly 75% of what was budgeted, as one would expect. Even that was creditable, as spending the money was not easy when the nation was either fully or partially locked down.