| 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 |
