India, Feb. 10 -- There were a number of reports after the Budget related to how the fiscal numbers were a bit wonky, with the central government in a bit of a tight spot. The revised revenue estimates for 2025-26 were lower than the budget ones that were specified last year. The same was true of expenditure, including the one on capital account. This was inevitable as the overwhelming desire of Finance Minister Nirmala Sitharaman was to balance the budget, and keep the fiscal deficit down. In fact, during the entire 90-minute speech, one of the issues that Sitharaman took credit for was that she stuck to her promise to reduce the deficit from the highs during Covid to below-manageable level. To achieve this, given the revenue shortages, ...
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