Spending more cannot provide the answer to fiscal crisis

Description

Printing notes is an easy option but means a looming crisis for the aam aadmi. If you are in a financially difficult situation, you can't get out of it by spending more. But that is what most finance ministers try to do. The reason is simple. Unlike individuals (except crooks like Telgi), households and corporates, finance ministers have access to Nasik press, which is the banker of first resort. Read more at: https://www.dnaindia.com/business/comment-spending-more-cannot-provide-the-answer-to-fiscal-crisis-1274083

Publication Date

15-7-2009

Publication Title

DNA

Publisher

Diligent Media Corporation Ltd.

Keywords

Financial system, Budgeting, Budget management act

Source Link URL

https://www.dnaindia.com/business/comment-spending-more-cannot-provide-the-answer-to-fiscal-crisis-1274083

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