Published Date: May 1, 2012
‘FISCAL DEFICIT, INFLATION, ENERGY CRISIS AND DEBT SERVICING KEY CHALLENGES IN FORTHCOMING BUDGET’
Speakers at a pre-budget seminar identified fiscal deficit, increasing inflation, energy crisis and debt servicing as the key challenges in forthcoming budget 2012-13.
They also suggested government to increase revenues by widening of tax base, applying minimum tax regime, reduce corporate tax rate, taxation on remittances, targeted subsidies, ensuring energy sustainability, macroeconomic reforms, reduction in circular debt and ensuring budgetary safeguards for industry after opening up of trade with India.
They were discussing at ‘pre-budget seminar 2012-13’ organised by Sustainable Development Policy Institute (SDPI) here on Monday.
Tahir Dhindsa, Head SDTV moderated the proceedings and maintained that government had failed on many agreed macroeconomic benchmarks committed in budget 2011-12 to international financial institutions.