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I know what you did last fiscal, says CAG. The same as every fiscal last decade, says data.

CAG says the government did not show all the expenditure in the Budget and that fiscal deficit is much higher than what was shown. CAG should know that this has been the case every year for the past 13 years at least. Data analysis does not show any significant impact of such practice on India’s economy.
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madhavankutty-g
26 Jul 2019 6 Mins Read 1 comments
(From left) RBI governor Shaktikanta Das and finance minister Nirmala Sitharaman Getty Images
(From left) RBI governor Shaktikanta Das and finance minister Nirmala Sitharaman
Size matters. If you are the Comptroller and Auditor General of India (CAG), you want a number that is big to brandish and make an impact. Two days ago, it became clear that the CAG had pointed out (to the 15th Finance Commission) that not all the government expenditure had been shown in the Budget. Effectively, it was saying
and the resultant imported inflation, volatile crude due to geo-political risks, slow progress in insolvency resolution, and ill-health of state-run banks, trade-war impact-led economic slowdown, etc., are far more serious issues that warrant more attention in the current gloom. Too much focus on deficits could tantamount to missing the woods for the trees. ( Graphics by Mohammad Arshad)
Size matters. If you are the Comptroller and Auditor General of India (CAG), you want a number that is big to brandish and make an impact. Two days ago, it became clear that the CAG had pointed out (to the 15th Finance Commission) that not all the government expenditure had been shown in the Budget. Effectively, it was saying and the resultant imported inflation, volatile crude due to geo-political risks, slow progress in insolvency resolution, and ill-health of state-run banks, trade-war impact-led economic slowdown, etc., are far more serious issues that warrant more attention in the current gloom. Too much focus on deficits could tantamount to missing the woods for the trees. ( Graphics by Mohammad Arshad)

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