A ‘balanced budget’ for the times
By: Somanathan, T.V
.
Material type: 
BookPublisher: Yojana Description: 66(3), Mar, 2022: p.15-16.
In:
YojanaSummary: Budgets in a parliamentary democracy serve several purposes. Partly, they are an annual financial statement, a function which is routine but crucial; but they are also statements of policy intent. Unlike the private sector, governments cannot choose their customers-they must serve all. They have not the luxury of concentrating on “core competencies”-they have to do everything Parliament expects. They provide many things free-so demand is much higher than any feasible supply or affordability. They extract taxes-which are asunpopular as they are inevitable. For all these reasons, Budget-making is a hugely complex balancing act. – Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | 66(3), Mar, 2022: p.15-16 | Available | AR126800 |
Budgets in a parliamentary democracy serve several purposes. Partly, they are an annual financial statement, a function which is routine but crucial; but they are also statements of policy intent. Unlike the private sector, governments cannot choose their customers-they must serve all. They have not the luxury of concentrating on “core competencies”-they have to do everything Parliament expects. They provide many things free-so demand is much higher than any feasible supply or affordability. They extract taxes-which are asunpopular as they are inevitable. For all these reasons, Budget-making is a hugely complex balancing act. – Reproduced
There are no comments for this item.