Discover and read the best of Twitter Threads about #budget

Most recents (24)

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
In Congress, we’ve had a good record of passing bipartisan budgets in recent years. @realdonaldtrump and his impulsive White House haven’t helped.
Now he’s thinking of making cuts to #healthcare, education, protection for our air and water, #renewableenergy programs, and critical infrastructure funding to rebuild our roads and bridges – all to fund his big, dumb wall.

Mr. President, how about you let our bipartisan, bicameral #budget process play out and just stay out of it. #TrumpBudget
Read 3 tweets
In just about two hours, Prime Minister @narendramodi’s government will present its last budget before elections due later this year. Experts say they’re expecting big announcements as it will be the last chance to woo voters, announce policy intent ahead of polls.
Ahead of #Budget2019, markets have opened higher.
Interim Finance Minister @PiyushGoyal begins presenting the last #Budget of the @narendramodi government.

It's expected to be a populist budget- with several policies likely to be announced with an eye on the 2019 polls.

Experts make last pitch for fiscal prudence.
Read 40 tweets
THREAD: In honor of all our new followers, Florida Policy Institute brings you "2018 in 18 Graphs" - our most popular & favorite data visualizations from 2018 that illustrate how Floridians are faring coming into the New Year. #sayfie 1/
#18: "#CashRegisterJustice". Florida's Court System is financed mostly (94%) by fines, fees, and other legal obligations that create barriers to justice for low-income Floridians. #sayfie @FinesandFeesJC @splcenter @ACLUFL bit.ly/2R2ZMLK 2/
#17: Rural Florida relies heavily on state funding to support education & infrastructure in some of the most underserved communities. Cuts over time at the state level have disproportionately impacted rural school districts. #sayfie @FLSchoolBoards @PublicSchoolSup @FLPTA_Leg 3/
Read 21 tweets
1. @realDonaldTrump @WhiteHouse @POTUS
#QAnon post No. 2579...
Repost of 2502 - Border Security = National Security.
#POTUS #Tweet from amid a thread comes the reality of the #Wall & plans for completion.

#FOXNews discussion on that tweet &......
2. ...... @realDonaldTrump @WhiteHouse @POTUS
#QAnon post No. 2579...
the coming meeting with #NancyPelosi & #ChuckSchumer.
They have no intention of stopping their #Obstructionist efforts to destroy #America.
foxnews.com/politics/trump…......
Read 25 tweets
001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
It's a criminal offence to falsifying a legal instrument. But if the #MetPolice / #LBRUT do it, then there is not even an investigation. 12 years of silence. Evidence to prove it - ukcoverup.com/search-warrant-

#skynews #lbc #theresamay #uk #bbcnews #coverup #c4news #worldnews #ukgov
Welcome to the #Metpolice who also changed & falsified my arrest details. Have a look at the evidence here ukcoverup.com/arrest-details as it's all easy to prove & that's why it's never addressed

#R4today #corruption #coverup #leadership #values #corevalues #bbcnews #skynews #itvnews
Read 97 tweets
You can’t make this s**t up @SenWarren @SenatorCarper @SenWhitehouse @SenBlumenthal are demanding an investigation from the Department of Defense IG into who’s toured Air Force One. These people are insane, what a horrific waste of resources. #VOTEDEMSOUT
WHAT do you think giving tours to campaign donors was for? You are a further embarrassment to the VA Committee Blumenthal the @DeptofDefense has better sh*t to do like defend the Country.
The whole damn world has had a tour of Air Force One?! THIS is what you worry about? OMG. ENOUGH.
Read 5 tweets
This is the type of absolute denial of facts and reality occupying the #MAGA crown. There is no where in America, not one state, where the average gas price is not higher, generally by between 40-50 cents, according to the AAA, not known for faking basic data for partisanship.
The link to where you can see this for yourself is provided. I just looked at all fifty states. No state has longer cost gas today than a year ago. And for this particular statement to be true, the cost would actually need to be approx $1.30-$1.50 cheaper than current averages.
For many places, that would mean it being down by almost 50% or more from the average price. Wherever this half of gas sale is, I’d love to know. So there are two options here: this person lives in the one place in America where gas prices are at $1.75 or so, or they are wrong.
Read 19 tweets

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