Finance Minister edged budget to hide real fiscal deficit: Former finance minister

The finance minister, in response to similar objections earlier, had claimed that every figure in the Budget was authentic.
Written By Siddhu Manchikanti | Updated: November 18, 2019 10:29 IST
Finance Minister edged budget to hide real fiscal deficit: Former finance minister

Former BJP leader Yashwant Sinha on Sunday accused Finance Minister Nirmala Sitharaman of "fudging" budget numbers to conceal the real fiscal deficit. Sinha, who is a former Finance Minister, alleged that Sitharaman relied on estimates used in the interim budget of February 1, though the CAG had later provided revised estimates till July 5, when the annual budget had presented.
 
The finance minister, in response to similar objections earlier, had claimed that every figure in the Budget was authentic. "She used revised estimates because the revenue receipts had declined so considerably that she wouldn't have claimed that fiscal deficit would be only 3.3 percent or whatever that claim was," Sinha said.
 
He had called up a few MPs highlighting the discrepancy, but none of them took it up in the House, he added. The bureaucrat-turned-politician said the country was in a "mess", which was far more serious than that had imagined six months ago, and extended beyond the economy. He also hit out at the Narendra Modi government for revoking the Overseas Citizen of India status of writer Atish Taseer, comparing the situation to Emergency, and added that an era of "personal vendetta" had begun.




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