Tag: government's budget estimates

NEW DELHI: For the last three years, the government's budget estimates would go off track within the initial months of the financial year. In 2020, the Covid outbreak resulted in the lockdown, after which came the second wave. In 2022 and 2023, the government has had to tackle the fallout of Russia's invasion of Ukraine.Over four months into the current financial year, finance secretary T V Somanathan is drawing comfort from the revenue numbers and spending so far. "We are reasonably confident that the revenue, expenditure and fiscal...