@article {article732, title = {A vicious cycle of deficit and debt cannot deliver economic growth}, author = {Ranjit K Pattnaik}, journal = {Foundation of The Billion Press}, date = 2021-02-05, year = 2021, url = https://www.thebillionpress.org/columns/economy/vicious-cycle-deficit-and-debt-cannot-deliver-economic-growth-732, Abstract = {The Union Budget for 2021- 22 was presented against the backdrop of a complete collapse of realisation of revenue receipts, particularly tax revenues and disinvestment proceeds, coupled with higher revenue expenditure due to larger provisioning of food subsidies for 2020-21.} }