Budget 2021: Dear FM, forget the deficit. Spending is the only way out of this crisis

Budget 2021: Dear FM, forget the deficit. Spending is the only way out of this crisis

But increase spending on what? There are just two areas where GoI should focus: income support and public health. At the risk of sounding like a broken record, despite the expected double-digit growth next year, the level of GDP will still be 4-5% below its pre-pandemic path at end-March 2022. This is akin to losing $200 billion for two straight years.

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