Nobel Laureate Abhijit Banerjee on Budget: Fiscal deficit already breached, wouldn’t support consolidation now

Ahead of the upcoming Union Budget on February 1, Nobel laureate Abhijit Banerjee Saturday said the fiscal deficit had been breached by a huge margin already and it wouldn’t be wise to follow the path of fiscal tightening at this juncture.

“Fiscal deficit has been breached by a huge margin already. In that sense, I don’t think that it’s a big deal to breach it more. I wouldn’t be supporting fiscal tightening right now,” news agency ANI quoted him as saying.

Source: The Indian Express