Click to view full size

Al­though there are con­cerns about the Gov­ern­ment’s abil­i­ty to re­duce the fis­cal deficit, over­all the Gov­ern­ment pre­sent­ed a sol­id bud­get that has tried to ad­dress some of the coun­try’s eco­nom­ic chal­lenges.

This is the view of a for­mer Plan­ning Min­is­ter Dr Bhoe Tewarie who gave his analy­sis of the na­tion­al bud­get that the Min­is­ter of Fi­nance Dav­en­dranath Tan­coo pre­sent­ed on Oc­to­ber 13.

“When you look at the bud­get on the whole, it re­al­ly tries to ad­dress se­ri­ous chal­lenges and to posit so­lu­tions for them. For in­stance, it ad­dress­es the mount­ing fis­cal pres­sures in the econ­o­my. It tries to ad­dress some of the struc­tur­al eco­nom­ic weak­ness­es. In terms of fis­cal pres­sures, you can see that in the at­tempt to have a low deficit. In terms of the struc­tur­al eco­nom­ic weak­ness­es, you could see the move­ment to non-en­er­gy,” he said.