Panagariya endorses

Prof. Arvind Panagariya has picked up the information posted here in this blog about the paragraphs in the budget documents presented by Mr. Jaitley that praise the UPA government for fiscal prudence and fiscal corrective measures!

Yet more clues to the bureaucrats running the show appear in fiscal policy strategy documents, which extol rather than censure UPA’s fiscal management. While complimenting UPA for fiscal consolidation, the documents neglect to focus on its role in promoting unbridled and irresponsible expansion of expenditure schemes.

His full article is as hard-hitting as it should be and it is well worth a read.

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