Budget will test if govt can live within its means: Walker

'The government has boxed itself into a corner, where the only priority is fiscal consolidation,' Walker told Firstpost in Hong Kong.

Vembu March 12, 2012 12:18:53 IST
Budget will test if govt can live within its means Walker

Asianomics founder Jim Walker. Photo:VenkyVembu/Firstpost

The government's ability - and willingness- to live within its means will be on stern test in Budget 2012, but going by its track record, the budget will disappoint, says Asianomics founder Jim Walker.

"The government has boxed itself into a corner, where the only priority is fiscal consolidation," Walker told Firstpost in Hong Kong. And if fiscal consolidation is not No 1 priority in this budget, the RBI will be unable to deliver the growth stimulus that is required - interest rate cuts - and the government can forget about economic growth, he cautions.

See more Budget 2012 videos and expert views on Firstpost: Ajay Shah, Rupa Rege-Nitsure, Indranil Pan, Ashima Goyal, Jim Walker, DK Joshi, Ajit Ranade, Art Woo.

See more Budget 2012 issue based videos on Firstpost: Subsidies, Fiscal Deficit, Inflation, Taxation.

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