The fiscal deficit for 2019-20 and 2020-21 would have been higher at 4.6% and 4.4% respectively if the govt had not shifted its liabilities out of the budget.
As Park Street now anticipates the Christmas lights, Bangla cinema eyes a harmony. Colliding heritage, devotion and some detective grit, the year-ender comes with a rediscovery.
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
1. This is an interesting article. My view is that most ordinary citizens won’t understand anything about fiscal deficit and other terms used in this article. 2. My simple suggestion is that all governments follow commercial system of accounting which just needs maintaining record of all transactions of expenditure and income on accrual basis. Once this is done, the so-called difficulty in arriving at figure of fiscal deficit can be considerably lessened. 3. We are aware of fact that listed companies follow and implement provisions in the Companies Act and also SEBI’s guidelines to regarding disclosure of important financial information in specific formats. If both Central and all State governments strictly follow commercial system of accounting, as mentioned earlier, and accordingly prepare statements of financial performance in proper formats, there won’t be any secrecy around fiscal deficit figures.
1. This is an interesting article. My view is that most ordinary citizens won’t understand anything about fiscal deficit and other terms used in this article. 2. My simple suggestion is that all governments follow commercial system of accounting which just needs maintaining record of all transactions of expenditure and income on accrual basis. Once this is done, the so-called difficulty in arriving at figure of fiscal deficit can be considerably lessened. 3. We are aware of fact that listed companies follow and implement provisions in the Companies Act and also SEBI’s guidelines to regarding disclosure of important financial information in specific formats. If both Central and all State governments strictly follow commercial system of accounting, as mentioned earlier, and accordingly prepare statements of financial performance in proper formats, there won’t be any secrecy around fiscal deficit figures.