Union Budget 2021: A Costnomic View!

Abstract

The article tries to answer questions; ‘Are the budget projections Fair and Proper?’ and ‘Is the budget Truthful?'

It is found that the element-wise trends and year on year changes within the heads of accounts of receipts as well as expenditure reaffirm that the overall projections appear to be reasonable and achievable. The article also observes that the Finance Minister can certainly endeavour to craft the budget to be less & less cosmetic and more & more truthful.

The article points out that a distinct feature of budget 2021-22 is its visible strides of fiscal reengineering towards mobilization and mopping up the additional revenues in years to come.

The article concludes that from the costnomic view, may it be time for every stakeholder to stand up and think pragmatically as to “What can I Give to†rather than â€What can I Take from†the fiscal resources of the country!