The paper “Fiscal Restraint Trumps Fiscal Stimulus” by Sudipto Mundle and Ajaya Sahu (2020: 19–23) seeks to provide an analysis of the Union Budget 2020–21. The authors have rightly pointed out that the budget could not provide the crucial fiscal impetus on the pretext of constraints or lack of additional fiscal space. They have also pointed out the ways of financing the stimulus keeping the fiscal deficit and the public sector borrowing in check. In short, though it is a comprehensive and remarkable analysis of the budget, yet the paper suffers from some limitations, ranging from oversimplified solutions, analytical deficiencies and outright factual errors.