The first Budget speech after the general elections gives us a window into the strategy for economic policy for five years. The prime focus in the July 2019 Budget speech seems to be on schemes, and on enlarging the government. There are concerns about the extent to which this is compatible with the evidence of an economic slowdown in the last year.
Conceptually, we need to fuel buoyancy of the market economy, which will yield the tax revenues for welfare programmes. The first Budget speech of a new government is a particularly important one. Sometimes, immediately after the elections, there ...
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