I did a detailed post on the budget analysis that was published on Moneycontrol Â earlier in the day.
I covered most of the important aspects of the budget that are likely to affect someone from the working middle class, but in addition to that I also touched upon what the budget means to the government.
I think this is an important aspect that doesn’t get sufficient coverage because it affects us indirectly, and is perhaps not so apparent as say a surcharge of 5% would be.
I think it is important for us to understand not only things that affect us directly but also the reason why certain steps have been taken by the Finance Minister and his team of advisors. It is only when you develop a holistic understanding of deficits, inflation, subsidies, taxation and the interplay between them will you be truly in a position to understand why certain decisions are taken, and think about them intelligently.
I think this is important and the budget is a good opportunity to learn about some of these things and understand them better. This is a big reason why I’ve been doing the two posts on government income and spending for the last couple of years and will be doing them again this year as well, and will publish them shortly.
The post today doesn’t cover everything, but it does present a good start to get a more rounded view of the budget.
Click here to read Budget Analysis:Â How will the Budget 2013 impact you?