Fix the fisc

The government should resist th e temptation of being populist or expansionary in the last full-fledged Union Budget before the Parliamentary elections in May next year. With public debt to gross domestic product (GDP) uncomfortably high at 85%, there is some urgency to consolidate the fisc. It is important in these challenging times to ensure debt is at sustainable levels especially as close to 50% of the Centre’s next tax revenues are being used to service the interest bill.

read more at Financial Express