Business

Government lacks specialists who can prepare budget: Rajan

There are far too few people in the government who can even prepare a Budget, Reserve Bank of India Governor Raghuram Rajan said on Friday adding that well-trained economists were at a premium throughout the government sector.

“(There are) too few people who can prepare a budget, too few people who can do public debt management. We need far more capacity in government,” Dr. Rajan said while speaking at an ongoing lecture series here.

The RBI Governor’s comment comes ahead of the budget session of Parliament, where union Finance Minister Arun Jaitley is expected to present the first full budget of the National Democratic Alliance government (NDA).

As the economy developed, the country would needed specialists with domain knowledge and experience in many areas of governance and regulation and there were few going around, Dr. Rajan said.

“For instance, well trained economists are at a premium throughout the government. There are far too few Indian economic service officers to go around and I know because I was for a little while, the head of the service and got constant requests,” Dr. Rajan said.

A letter from the Editor


Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | May 26, 2020 8:14:39 PM | https://www.thehindu.com/business/government-lacks-specialists-who-can-prepare-budget/article6917368.ece

Next Story