%A Ranjit K Pattnaik
%T A vicious cycle of deficit and debt cannot deliver economic growth
%! A vicious cycle of deficit and debt cannot deliver economic growth
%X 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.
%U https://www.thebillionpress.org/columns/economy/vicious-cycle-deficit-and-debt-cannot-deliver-economic-growth-732