Union Budget 2021: Govt should introduce framework for fiscal consolidation of infra firms
The infrastructure sector has been one of the most impacted due to the pandemic and companies have come under considerable financial stress.
Samir Kanabar
January 27, 2021 10:10:04 IST
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The promise of a Budget like ‘never before’ by the finance minister seems to be apt with the daunting task of addressing issues caused by COVID-19
pandemic i.e. subdued investment, consumption and trade. The need is to
accelerate growth and augmenting avenues for revenue mobilisation.
While fiscal 21-22 will see additional spend on vaccines, agriculture and other schemes, the buoyant GST collections could help balance out the fiscal deficit and allow the government to spend on Infrastructure with the ultimate aim of having a multiplier impact on the economy.