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Terming the Union Budget as “ridiculous”, the Janata Party President, Dr Subramanian Swamy, today said that the fiscal proposals unless rectified will “doom the economy’’.
“The 2012-13 Budget figures and numbers are all cockeyed.
For example, fiscal deficit of Rs 4.79 lakh crore in 2012-13 targeted to be 5.1 per cent of GDP means a GDP growth of 20.6 per cent in one year. This is ridiculous even in current prices,” he said in a statement here.
“Most of the budget numbers like fiscal deficit figures, are ridiculous, or concocted or plain inconsistent...this budget unless rectified will doom the economy,” he said.
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