000			01007nam a22001457a 4500
999			_c520136 _d520136
008			220704b ||||| |||| 00| 0 eng d
100			_aSomanathan, T.V _931820
245			_aA ‘balanced budget’ for the times
260			_aYojana
300			_a66(3), Mar, 2022: p.15-16
520			_aBudgets 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
773			_aYojana
906			_aBUDGET
942			_cAR