Chidambaram: Union Budget 2026-27 Fails Economic Strategy, Statesmanship Test
Budget
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CNBC TV18•01-02-2026, 23:07
Chidambaram: Union Budget 2026-27 Fails Economic Strategy, Statesmanship Test
- •P Chidambaram criticized the Union Budget 2026-27, stating it failed to address challenges highlighted by the Economic Survey.
- •He accused the government and Finance Minister Nirmala Sitharaman of discarding the Economic Survey and relying on 'acronyms'.
- •Chidambaram noted the revenue deficit remains at 1.5% and called the budget not a bold exercise in fiscal prudence.
- •He highlighted poor financial management in FY 2025-26, with significant shortfalls in revenue receipts and expenditure cuts in crucial sectors.
- •The former FM questioned the budget's ability to create jobs and address issues like trade deficit, low capital formation, and persistent inflation.
Why It Matters: P Chidambaram asserts the Union Budget 2026-27 lacks economic strategy and statesmanship, failing to tackle key challenges.
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