Context: The pandemic may have forced increased spending in neglected sectors of the economy but the Budget seems to carry over the fiscal conservatism witnessed during 2020-21.
Implications/Impact of Fiscal Conservatism in Budgetary Funding
Conclusion: Budget 2021-22 supports the neoliberal fiscal stance of a lenient tax regime for private capital, restrained debt-financed spending, and excessive reliance on disposing of public assets to finance limited expenditures.