The real picture

The Union government’s revenue and expenditure numbers for the first half of 2019-20 have now been released. If you look at the broad trend and compare it with what was happening during the same time last year, you may be lulled into believing that things are under control and may have actually got better.

The government’s total expenditure has been contained at Rs 13.44 trillion, which is 53.4 per cent of the Budgeted estimate of Rs 27.86 trillion for the full year. You may argue that clocking this rate of expenditure in the first half of the year shows a tight control on …

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