The plan has left economists wondering how this would be rolled out without breaching the budget deficit goal of 3.4% of GDP for the fiscal year starting April.
If no effort is made to consider how a minimum income guarantee is financed, then the expenditure would lead to cuts in public investment & higher borrowing.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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