Chidambaram Slams Budget: "Govt Forgot Economic Survey," Criticizes Chabahar Funding
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News18•01-02-2026, 19:49
Chidambaram Slams Budget: "Govt Forgot Economic Survey," Criticizes Chabahar Funding
- •Former FM P. Chidambaram criticized the Union Budget, suggesting the Finance Minister ignored the Economic Survey.
- •He highlighted 10 challenges identified by the Economic Survey, including US tariffs, trade conflicts, growing trade deficit, low capital formation, and FPI outflows, none of which were addressed in the budget speech.
- •Chidambaram pointed out significant cuts in revenue receipts and total expenditure for 2025-26, with capital expenditure decreasing as a percentage of GDP.
- •He noted a lack of explanation for the 'pathetic performance' in financial management and cuts in important sectors.
- •Chidambaram also criticized the absence of budgetary allocation for the Chabahar Port project, implying government succumbed to external pressure.
Why It Matters: Chidambaram criticized the budget for ignoring economic challenges and cutting crucial funds, including for Chabahar Port.
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