An autonomous research institute under the Ministry of Finance

 

Budget again reveals structural fiscal constraint

02/02/2020

Strap: It recognises that the medium-term fiscal arithmetic does not afford space for expansionary fiscal policy
 
In my column on the FY20 Budget (A silent fiscal crisis, July 5, 2019), I had warned that the government faced a structural fiscal constraint that was concealed by using incorrectly optimistic numbers ...