Budget evokes mixed reaction
A state budget has received mixed reactions, with supporters praising its focus on infrastructure and youth skilling, while critics argue it lacks sustainable income generation. Tax consultants have expressed concern that the budget relies too heavily on fresh loans rather than creating new employment opportunities.
Why it matters
The debate reflects common tensions in fiscal policy between long-term developmental investment and immediate debt sustainability.
The State Budget has evoked a mixed response from different sections of society, with some hailing the document as transformational, while others express their trepidation over the revenue generation aspect.
The State Budget is an ‘Aspirational, Inspirational and Transformational’ document with significant allocations for major infrastructure projects, operations and maintenance, and capacity building initiatives, according to S.Vaidhyasubramaniam, Vice-Chancellor, SASTRA Deemed University, Thanjavur.
It was an aspirational budget for the youth through education and skilling initiatives, an inspirational budget for the common man to improve quality of living and a transformational budget for the State’s economic growth through ‘Vetri Tamizhagam’ vision document, Mr.Vaidhyasubramanian said in an official release.
Budget lacks income generation avenues – Tax Consultants Federation.
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