Check classified section. Jay Dubashi is among India's best known commentators on current and political affairs. There is something funny about the budget for 2000-2001. It looks all right on paper.
Revenues are up, so are borrowings.
Fiscal deficit will be down next year to 5.1 per cent of GDP of GDP from 5.6 per cent in the current year. And the government is going in for an ambitious disinvestment programme which will net Rs. 10,000 crore, out of which a thousand crore will be set apart for relaying old debt. So far, so good. It is only when you look closely at the fine print that you begin to have doubts about the whole exercise.