
Chandrasekaran
5K posts

Chandrasekaran
@bcsekaran
Founder Chairman, AgaPuram Policy Research Centre (APRC), Former Consultant to Union Planning Commission, New Delhi; economist and public policy researcher














The massive hidden borrowing programmes of the UPA government during that period cannot be ignored. I mention this today because many of those borrowings are being repaid by us now. The issue is that these borrowings were not reflected in the budget at that time. Had these liabilities been transparently included in the budget, the fiscal deficit numbers would have been very different. Consequently, the growth projections and the actual growth figures would also not have appeared as strong as they were shown, if only the budget accounting had been transparent. Many of these borrowings were off-budget. If they had been included, rather than being parked elsewhere, the picture would have been very different. - Smt @nsitharaman in Rajya Sabha (1/3)
















