At a time when the U.S. Government sported an accumulated
debt of roughly $20 trillion, with continued deficits expected to add about $10
trillion more over the next ten years, the most populous democracy in the
world, India, laid out a prudent budget proposal—one that had been “extremely
well thought-out,” according to Deepak Parekh of the Housing Development
Finance Corporation in India.[1]
The full essay is at "Prudent Government Budgeting."
1. Getta Anand, “Arun
Jaitley, India’s Finance Chief, Aims to Spur Economy Hit by Cash Shortage,”
The New York Times, February 1, 2017.
