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Treasury Management Magazine:
The Other Side of Budget
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The union budget 2004-05 was able to generate a lot of hopes in the minds of the common men. With the primary focus areas being education, agriculture and rural development, it promises to keep its tenets of the CMP. But, has the budget really been farmer-friendly? That's the question. Digging a little deep into the statistical figures reveal a different picture. The article addresses the other side of the budget.

"The people have sought a change in a manner in which the country is run, a change in the national priorities and the change in the processes and focus of governance. I shall make every effort to be true to the mandate." This was then followed by the following statement.

"Under the circumstances, it was considered optimal to allow the ongoing programs to continue until the planning commission completes an exhaustive review and reorients the expenditure pattern to conform to the NCMP objectives."

These two statements seem to contradict each other. This reflects the very fact that the authors of the union budget 2004-05 were themselves not very clear of what they were going to do or they were under the influence of some invisible hand that deterred them from to carry out what their real intentions were.

 
 
 

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