Where have all the subsidies gone?

If one has a good idea of where we went wrong in the last five years, one can begin to project the future and what the finance minister might or might not be able to do on February 28. No matter what the source, the discussion and complaint has centred on the fiscal deficit. And the fiscal situation is dire — an increase of nearly 2 percentage points in the consolidated fiscal deficit in the last five years.

Read Full Story>>