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The government has over the years made its priorities clear as to whose interest it serves. It is evident from the fact that the government continues with its gross underspending on key social sectors giving the argument of lack of revenues and fiscal deficit, while giving drastic tax rebates to the corporates. It is evident in its attempts at brazen privatization and monetisation of public assets, handing over the assets at throwaway prices to the corporates. The joblessness amid dropping labour force participation is creating a bleak future for the country’s youth as is evident in the protests around the Railway hirings.

The government continues with its gross underspending on key social sectors giving the argument of lack of revenues and fiscal deficit, while giving drastic tax rebates to the corporates. It choses to brazenly privatize/monetise public assets, handing them over to corporates at pittance. Joblessness is creating havoc as is visible in the protests around railway hiring. But the budget looks away.

Download: A Peopleless Budget – Budget Analysis 2022

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