Achieving Pareto Optimality - The Hindu BusinessLine
Achieving Pareto Optimality With fiscal curbs off, the FM had more leeway to spend Achieving Pareto Optimality in a Budget is often hard — a situation where no one is worse off, and some are better off. This has been attained by the Finance Minister this time because one of the prime constraints which was expected to be the overriding factor — fiscal consolidation — was not on the agenda. Hence, by budgeting a fiscal deficit number of 6.8 per cent, which though lower than the 9.5 per cent for FY21, would take at least three years to go down past the 4.5 per cent mark, a lot of room ha...
Source: thehindubusinessline.com