The FY 2020-21 Budget presented yesterday represents an unimaginative response to an economic crisis that calls for boldness and creativity. It is an example of poorly-conceived budgeting based on delusional growth, revenue and financing projections. A budget should be more than a set of financial accounts of a Government. It should define the future direction of Government policies. This Budget fails miserably in this regard. In the face of the worst global economic downturn in centuries, fiscal policy must take...
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