Discover and read the best of Twitter Threads about #Budget

Most recents (24)

@FinMinIndia @nsitharaman @nsitharamanoffc @PIB_India @cbic_india @GST_Council +
My limited wisdom:
1/2

(A)Declare 2020 as a zero year, as if it never happened.

(B)Extend all 2020 deadlines by a year each, incl for eg if a petrol car is >15yrs.

@Naveen_Odisha @capt_amarinder @PMOIndia
@FinMinIndia @nsitharaman @nsitharamanoffc @PIB_India @cbic_india @GST_Council @Naveen_Odisha @capt_amarinder @PMOIndia Cont'd
2/2

(C)Revisit union& state #budget's. Recast reprioritize 4social obligation rather than revenue maximization.

(D) Merge (or suspend) situationwise non-essential departments & ministries for a year, & reroute human& financial resources into essential ones.

#covid year
@FinMinIndia @nsitharaman @nsitharamanoffc @PIB_India @cbic_india @GST_Council @Naveen_Odisha @capt_amarinder @PMOIndia Addendum.

(i) Use 2020 4 #covid, even w #lockdown w/wo #curfew. Feed it rebudgeted funds.

(ii) Another eg of (B) above. Let students resume regular classes next year, assuming a yearlong break. Extend age-related deadlines by a year each.

@amitabhk87 @PrakashJavdekar @rsprasad
Read 6 tweets
There’s been a surge in walking and cycling in the #pandemic. Government has promised extra billions. It’s what @TheGreenParty has campaigned for, for many years. So how is it looking in #Sheffield?

A THREAD ...
To set the scene … since the 1960s, Sheffield had been developed to encourage the private car. Politicians competed for the motorist’s vote.

democracy.sheffield.gov.uk/mgAi.aspx?ID=9…
The £2 billion, 25-year #PFI contract with #Amey failed to enhance safe pedestrian crossings or walking routes, safe cycling facilities, safe dropped kerbs for wheelchair users, safe routes to school.

It was a contract to keep roads just as they had been 25 years previously.
Read 27 tweets
This thread is about understanding Lebanon’s #budget in few questions.
Another thread will explain #Citizen_Budget 2020.
@OpenBudgets 👇
What is the #Budget?
Article 3 of the "Public Accounting Law" defines #budget as “a legislative instrument in which national #revenues & #expenditures are estimated for the upcoming year & by which #tax collection & spending are allowed”.
State #budgets have evolved to become a tool of #foresight, #planning and #accountability based on programs and #performance assessments.
bit.ly/2JKN0LV
Read 13 tweets
Another canard currently doing the rounds is this whole, "Yields are low ergo public debt is no burden - and yields must STAY low or it WOULD quickly become one, far too heavy to bear" schtick.

#UST #Treasury #Fed #deficit 1/x
Clearly no-one understands the difference between real costs and virtual, financial ones.

The State's gross mishandling of the #coronavirus crisis has destroyed or impaired tremendous amounts of productive #capital - a loss which should neither be understated nor camouflaged 2/x
The fact that the gazillion new IOUs #UST has issued as a partial (and temporary) recompense for this will come with artificially low interest rates is absolutely NO cause for cheer: in fact, quite the converse. 3/x
Read 7 tweets
Wie viel sind eigentlich 38 Milliarden Euro?

Ein kurzer #Thread zur aktuellen Größe des österreichischen Hilfspakets, nachdem ich gestern die Zahl wieder an mehreren Stellen gesehen habe, zB bei @sebastiankurz, bei @MartinThuer oder bei der WKO. #Budget #Coronakrise
Was da im März angekündigt worden war, waren
① Haftungen und Garantien (15 Mrd. Euro)
② Steuerstundungen (10 Mrd. Euro)
③ Nothilfe, Entschädigungen (9 Mrd. Euro)
④ Soforthilfe (4 Mrd. Euro)

Macht in Summe die viel gehörten 38.
Allerdings, unter ④ Soforthilfe fällt unter anderem die #Kurzarbeit und der #Härtefallfonds. Beides wurde in der Zwischenzeit massiv aufgestockt. Die #Kurzarbeit wird mittlerweile sehr breit eingesetzt, wie wir hier 👇 datenreich analysiert haben.

agenda-austria.at/publikationen/…
Read 11 tweets
Stuck @ home wondering where China & world are headed? Read #TheChinaQuestions—36 @Harvard @FairbankCenter chs. ed. by Profs. @MichaelSzonyi & Rudolf!

Order: amazon.com/gp/product/067…

English: fairbank.fas.harvard.edu/china-question…

中文: bit.ly/FairbankCenter

한국어: bit.ly/ChinaQuestions
See great chapters by Profs. Elizabeth Perry, Joe Fewsmith, Rod MacFarquhar, Mark Elliott, Ya-Wen Lei, Arunabh Ghosh, Yuhua Wang, Arne Westad, Robert Ross, Ian Johnston, Steve Goldstein, Ezra Vogel, Richard Cooper, Dwight Perkins, Meg Rithmire, Mark Wu, Tony Saich, Nara Dillon...
..Michael McElroy, Karen Thornber, Susan Greenhalgh, James Robson, Leonard W. J. van der Kuijp, Bill Alford, Bill Kirby, Michael Puett, Rowan Flad, Peter Bol, Wai-Yee Li, David Der-wei Wang, Jie Li, Stephen Owen & Paul Cohen!

Honored to join them in this @FairbankCenter project!
Read 51 tweets
My dissertation explored payment models for high-cost, high-value therapies. In this newly published paper, we simulate the benefits of an installment-based payment model for a possible future #geneTx for congestive heart failure.

Thread to follow.

PDF: rdcu.be/b152l
1/6 In our model, we assume a hypothetical gene therapy for CHF which costs $200,000 per patient. Assuming a budget constraint - $1 billion for modeling purposes - we show that deferring payment allows more patients to receive treatment sooner, thus improving clinical #outcomes.
2/6 We model two types of clinical benefits, reduced #readmission and #mortality rates, as well as monetary savings.

By restructuring payment in a relatively simple way, and assuming only about 1 in 6 eligible patients are treated, patients and payers can benefit.
Read 9 tweets
A few tips for young men building their #professional #wardrobe, especially on a #budget:

• first suits should be charcoal or navy. They’re the most versatile & appropriate in most any setting.
• *DO NOT* wear a black suit during daytime work, it’s overly formal...
... black suits are for evening/social events. Don’t sweat if you don’t have one. Charcoal w/a black tie/white shirt is acceptable. Navy also w/ a dark (not black) tie if necessary.
• Stick with white or light blue shirts. They go w/ all your suits.
• Use ties for variety.
• Especially on a budget, avoid trendy and stick w/ classic/traditional looks. They never go out of style and replacing ties is the cheapest way to update your look.
• After you acquire charcoal, navy, black suits, THEN venture into patterns or lighter colors.
Read 6 tweets
Long thread on Indian Budget 2020-21. Let’s be cynical for a change & question the rationale of initiatives. Because I can’t understand some things the way they are. I’m sure however that we as a nation do believe in good luck. Else we seem to be cruising without compass.
If you couldn’t understand why we needed 2.5 hours speech to convey this budget, you’re not alone. To simplify, GDP = Consumption + Investment + Govt spends + (Exports – Imports).We need all cylinders to fire, for #India with highest working age population in the world.Let's see
Basics first:
On a Rs 30.4 lac cr budget, govt will earn 74% & borrow rest 26%. Of this, 23% will be spent on interest payments. On balance 77%, Defense takes 11%, police forces 4%, subsidies 7%, Railways 7%, tax administration 5%, pensions 7%.
Read 26 tweets
THREAD

What did #famers get in #Budget, where @nsitharaman claimed, "Our Govt is committed to the goal of doubling farmers income by 2022"

P.S-Acc to Dalwai committee,"real income of farmer, should increase by 10.4%/year,which has been increasing less than 2.5% in last 5 years
@nsitharaman @_YogendraYadav @aviksahaindia @sayantanbera @seemay @Ghair_Kanooni @Subytweets @sritara @srinivasanravi @DrSarvapriya @RURALINDIA Govt allocates 9.3% of the budget to #Agri, allied,irrigation & #rural development, which was 9.8% last year. Factoring Inflation, Real Increase in allocation is actually negative.

Is this enough ?
Will this increase #farm income, prop up #rural demand ?

@mkvenu1 @PreetiSMenon
@nsitharaman @_YogendraYadav @aviksahaindia @sayantanbera @seemay @Ghair_Kanooni @Subytweets @sritara @srinivasanravi @DrSarvapriya @RURALINDIA @mkvenu1 @PreetiSMenon Govt allocated 1.58 lakh crore to #agri, allied sectors & irrigation i.e. 5.2% of the total budget. Last years budget had allocated 1.52 lakh crore, which was 5.45% of the budget i.e. reduced spending !

👉Will this double #farm income by 2022 ?🙄
@rssurjewala @MonaAmbegaonkar
Read 17 tweets
#Budget2020 #sensex
Three themes of budget:

1) Aspirational Indian
2) Economic Development
3) Developing a Caring society
#Budget2020
Not only trains, Krishi Udaan by ministry of civil aviation for logistics of perishable items
#budget2020 #budget #nbfc #cooperatives
Target for agriculture credit 15 lakh crores.
Read 69 tweets
In order to build #OptionsTrading strategy to make use of #budget volatility, we need to find out what has happened in the previous budget sessions. I did an extensive historical data analysis for the period 2008 to 2019, to find what kind of #TradingStrategy one can use
1/n
This is what happened during the intraday time frame on the #Budgetday for last 10 years of budget sessions.
2008
2009
Read 23 tweets
Long thread on Budget FY-2020: How difficult is finance minister’s job in #India. If you’re amongst those who think the budget doesn’t do much for people, you need to understand this in detail. Why do we struggle to solve national problems? #Budget2020 #NirmalaSitharaman
Let me simplify things for the readers as to how the budget looks like & what the numbers mean. Below is the graphic that I have created for the revenue & expense heads for govt of India.Left side is govt INCOME & right side is how it SPENDS for the year. Size Rs 27.8 lac crores
Income of govt:
1) Taxes & non-tax revenue is 61% & 10% respectively. Additionally, another 4% comes by selling govt shares in PSUs. All this adds to 75%.
2) Borrowings forms the balance 25% of Income. This is our govt borrowing money to spend which of-course carries interest.
Read 21 tweets
Thread:

We did our 2020 household budget this morning, and under the @Alberta_UCP , things are tighter than ever.

1. Due to rate caps being lifted, bills for everything from utilities to insurance have gone up.

1/
2. Thanks to the UCP scrapping @RachelNotley’s $25/day daycare, instead of paying $1000/month for 2 kids in FT daycare, we now pay $1970. That is nearly a 100% increase.

Wasn’t 1 of @jkenney’s promises that he would be “putting more money back in the pockets of Albertans”?

2/
This is substantially less expendable income that we can use to pay for extracurriculars for our kids, family outings, etc - all of which would be a bolster to our provincial economy. So, I’m curious...

3/
Read 4 tweets
#BREAKING

#Lithuania #Vilnius

Last week #Lithuanian #parliament adopted the state #budget for 2020. The main #financial document of the #state was approved by the majority of voters.
It is sad to see how #Lithuania is #suffering without #money. Absolute #chaos – this is how they say in #Lithuania about the new budget.
So, state budget revenues are planned in the amount of 11.559 billion euros, expenses – 12.705 billion euros.
The budget deficit will amount 2.9% of the planned gross domestic product. In other words, the #Lithuanian #draft hardly met the requirements of #fiscal #discipline. The #budget #deficit for #EU member states should not exceed 3% of GDP.
Read 16 tweets
THREAD
1. I'm on a long road trip & came across with #Ethiopia|'s 'home grown economic reform agenda' doc & tried to chew it but unable to swallow it neither as major economic reform nor as 'home grown economic reform'.
2. Without being bogged on how or what it is called, I will try to put my personal take & feedback on the the fundamental issues/flaws realted to to this reform. I remember a yr ago I've indicated what I think regarding major economic reforms should be undertaken in #Ethiopia.
3. General observation:
a) to certain degree it succeed to pin point some of structural constraints (still not the root causes)
b) it simplifies the complex economic issues and proposes simplistic reforms (it is like treating the fever without diagnosing the chronic infection)
Read 11 tweets
#THREAD to try to make sense of #Italy’s govt crisis: PM Conte will address the Senate at 15.00CET today. No vote of confidence is scheduled but it could be called by the League UNLESS PM uses the speech to announce his resignation. The latter is the most likely scenario. 1/n
If #Conte resigns Pres Mattarella will hear representatives from all parties & decide whether to: a) let PD/5Stars form a new govt; b) install a caretaker govt to pass the budget; c) call a snap election. Italy hasn’t seen a general election in the fall since 1919. 2/n
The reason for avoiding elections in the fall is the national #budget: deadline for approval is Dec 31. #Italy must send a draft of its 2020 one to @EU_Commission in early Oct. Running a campaign, an election and installing a new govt in the midst of it all is no joke. 3/n
Read 13 tweets
Government, on August 13, issued a 'Scheme to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs'. This scheme is a step in right direction towards solving the liquidity crunch that NBFCs are faced with. Thread (1/12)
It may be recalled that the Finance Minister, in her budget speech, had made an announcement to this effect. Thid scheme attempts to address temporary asset liability mismatches of NBFCs/HFCs so that they don't have to resort to distress sale owing to paucity of liquidity. 2/12
The major features of this scheme are:
A) It is a one time guarantee provided by GoI, for a period of 24 months.
B) The schemes is only applicable to PSU banks for first loss of up to 10%
C) Guarantee can be invoked if the credit rating of the pool goes to 'D' (default). 3/12
Read 16 tweets
“The Richest Man in Babylon” (George S. Clason 1926), is full of financial nuggets in a collection of parables set 8,000 years ago in ancient Babylon.
The seven “cures for a lean purse” may be over 90 years old, but the principles are just as important today as they were then:

1. “Start thy purse to fattening”
Pay yourself first

2. “Control thy expenditures”
Live within your means
3. “Make thy gold multiply”
Let your money work for you

4. “Guard thy treasures from loss”
Protect your wealth
Read 8 tweets
Thread
#Missing1Point7Trillion #India #Budget2019, #EconomicSurvey2019
Keen followers of India #Budget #Shenanigans would have followed, or tried to follow the complex arguments made by 3 non-Govt commentators in this @NDTV programme: 1/n
Jayati Ghosh, Pronab Sen and Nitin Sethi pointed out that figures that appeared in @SubramanianKri's Economic Survey did not read across into @nsitharaman's glossy #Budget2019 presentation. They based their arguments on reading the small print in both these weighty documents. 2/n
@kaul_vivek, that great explainer of complicated financial smoke-and-mirrors made the same point about a missing 1.7 lakh crores (LC for short, 1 LC = 1 trillion) from the 2018-19 budgeted revenue and expenditure. See his excellent write up here: livemint.com/news/india/how… 3/n
Read 15 tweets
FM says, govt. is dedicated to ideals of Lord Basaveshwara. Quotes him in Kannada "Kayakave Kailasa" (Work is Worship").
FM says, will consolidate multiple labor laws into set of 'four labor codes'. #budget 2019
FM says, new television channel for startups to be set up. #budget 2019
Read 21 tweets
#SupplyChains #India needs to work indipendently with #USA and #China to separate the supply chains headed in the two directions and try to shift as much of them as possible to India
3/n #SupplyChains This is the final opportunity for making India a manufacturing hub, & bring manufacture jobs to India. It would be tragic if we miss this opportunity. I suggest that the new Govt appoint a #MOS(Supply Chains)in @PMOIndia to attract Global supply chains to India.
Read 54 tweets
Passend zur heutigen Diskussion um die Verfehlung der #Klimaziele kann ich eine gute Nachricht anbieten: wir müssen nicht unbedingt 10 Mrd. zahlen. Wir können auch etwas ganz anderes machen. #Energiewende Wie stellen wir uns das vor? Na so: erneuerbare-energie.at/s/20190802-NEK…
Was wir machen können wäre neben einem Zuwachs an #effizienz auch der deutliche Ausbau der verfügbaren Potentiale der #erneuerbaren -
Den Großteil unserer Emissionen verursacht logischerweise der Energieverbrauch
Read 14 tweets
🕵Q's Army🕵

Do you #think #QsArmy is just a bunch of #people sitting at the #computer doing nothing?💻

Do you think #DigitalSoldiers are #stealing #valor?🎖

Do you think #QSoldiers are wasting their #time, not doing anything to #help?🕰

If so then please read #thread.
💊💊⤵
The first thing you have to #understand is the #RippleEffect. When you find a #Fact, you share it. Now the #information has a starting point. #Everyone is a starting point for #someone.

👥 👥
👥👥 👥👥
👥👥🕵👥👥
👥👥👥👥
👥👥

We call it #RedPilling. 💊
It can take a long time to find all the #facts. Hours of #digging.

#Imagine if you were being told #lies by the #news and no one was willing to take time out of their day to #find the #Truth. No #Opposition! No one watching [them].

#WeAreTheNewsNow. The protectors of truth.⤵
Read 17 tweets

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