The INDIAN union budget
By: Goyal, Ashima
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Material type: 
BookPublisher: Economic & Political Weekly Description: 61(14), Apr 4, 2026: p.62-66.
In:
Economic & Political WeeklySummary: The union government has reached the golden rule in its budget estimates, where it borrows only for investment, keeping expenditure at the maximum consistent, with debt falling towards sustainable levels. This builds buffers that make it feasible to smooth growth over time and keep real interest rates low, giving the space to absorb transient shocks, and design least cost responses to persistent shocks. Weakening of execution remains an issue. Inducing states to move towards the golden rule and empowering city governments may help remedy shortfalls in implementation.-Reproduced
https://www.epw.in/journal/2026/14/budget-2026-27/indian-union-budget.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 61(14), Apr 4, 2026: p.62-66 | Available | AR138734 |
The union government has reached the golden rule in its budget estimates, where it borrows only for investment, keeping expenditure at the maximum consistent, with debt falling towards sustainable levels. This builds buffers that make it feasible to smooth growth over time and keep real interest rates low, giving the space to absorb transient shocks, and design least cost responses to persistent shocks. Weakening of execution remains an issue. Inducing states to move towards the golden rule and empowering city governments may help remedy shortfalls in implementation.-Reproduced
https://www.epw.in/journal/2026/14/budget-2026-27/indian-union-budget.html
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