Budget 2013: Oppn give a thumbs down, calls it 'jugglery'

Feb 28 2013, 15:33 IST
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Budget 2013: Oppn give a thumbs down, calls it 'jugglery'. (Reuters) Budget 2013: Oppn give a thumbs down, calls it 'jugglery'. (Reuters)
SummaryJanata Party president Subramanian Swamy termed the Union Budget as "insipid and counter productive".

the budget, CPI (M) leader Brinda Karat said "this budget is really promoting that particular factor of growth which has marked the UPA regimes, which is the growth determined by the interests of the corporates."

"It is a pro-corporate budget. It is a budget which once again is finding ways to give tax exemptions and also this budget shows manipulation of figures by Chidambaram in his presentation. If you look at the Revised Estimates, you will find there has been a huge cut in the expenditure, compared to what previous budget estimates are," she said.

Janata Party president Subramanian Swamy termed the Union Budget as "insipid and counter productive".

In a statement, Swamy claimed the continued financing of fiscal deficit by market and captive bank loans was "inflationary" and will land the economy in a debt-trap crisis.

"The gross revenue estimate is based on an unrealistic GDP growth rate of 6.7 per cent in constant prices and 13 per cent in current prices. This is widely off the mark and hence the budget deficit will be higher and inflationary," he said.

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