Budget 2006: outlays, inequality and growth

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DC Field	Value	Language
dc.contributor.author	D'Souza, Errol
dc.date.accessioned	2010-10-27T05:56:23Z
dc.date.available	2006-10-27T05:56:23Z
dc.date.copyright	2006
dc.date.issued	2006-10-27T05:56:23Z
dc.identifier.uri	http://hdl.handle.net/11718/10011
dc.description	Economic and Political Weekly, Vol. 41, No. 10, (March 2006), pp. 857-61	en
dc.description.abstract	The fiscal deficit is being contained by a decrease in interest payments and capital expenditures, along with a secular rise in direct taxes. However, the reduction in capital expenditures, mainly in infrastructure, is growth constraining. This article argues that infrastructure expenditures have a propensity to increase inequality and this turns the attention of government towards redistribution, which, in turn, increases transfer payments and squeezes out capital expenditures. Sorting out governance issues associated with infrastructure spending is essential to making budgetary finances more growth-oriented.
dc.language.iso	en	en
dc.subject	Budget 2006	en
dc.subject	Inequality	en
dc.subject	Growth	en
dc.title	Budget 2006: outlays, inequality and growth	en
dc.type	Article	en
Appears in Collections:	Journal Articles

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