Small change
if there is a link between the Union budget 1999-2000 and environment, it is difficult to establish. If the government had more money, then it could have spent it on environment-related activities, such as improving fuel quality. But the fact is that both the Union and the state governments are bankrupt. The Union government continues to be so even after the recent budget. Even the deficit figures are fudged.
Using the old gross domestic product ( gdp) series and without excluding the transfer of share of net small savings collections, (these should not be excluded as they also represent borrowing), the fiscal deficit to gdp ratio in 1998-99 was 6.5 per cent (revised estimates). The fiscal deficit in 1998-99 was Rs 103,737 crore. Plug this in and you have a gdp of Rs 1,595,954 crore for 1998-99. How much will the gdp grow in 1999-2000? Finance ministry officials have talked about a 13 per cent nominal gdp growth
Related Content
- The 1.5°C limit and risks of overshoot in the context of adaptation and loss and damage for the most vulnerable countries and regions
- Assessing the impact of climate change on public health and nutrition security
- Order of the National Green Tribunal regarding protection of Zeilad Wildlife Sanctuary, Manipur, 20/03/2024
- Climate policies as catalyst for green FDI
- Millets mainstreaming in India, Asian and African countries
- Amendments to ash utilization notification 2021