Discover and read the best of Twitter Threads about #budget2018

Most recents (21)

I studied & decoded every #Budget from 2012 - 2022 so that you don't have to.

Interestingly every #Budget has a pattern, which needs to be cracked. So i did it for you !

Like and retweet appreciated :

Detailed explanation below 👇👇
Budgets under Modi Regime and their returns.

Arun Jaitley - 2014 :: 2018 (-0.23, 0.65, -0.61, 1.81, -0.10)

Nirmala Sitharaman - 2019 :: 2022 (-1.14, -2.51, 4.74, 1.16)
1 Week Pre and Post #Budget moves
Data credit @nitinmurarkasmc
Read 21 tweets
#TweetStorm -#LTCG Tax on Equity - Taxing Genuine Investors to get a best case 3000-5000 cr of Tax Revenue and losing 15 lakh crore Market Cap but not catching and penalizing Tax Evaders/Money Launderers does not seem Morally or Revenue Right. #Tweetstorm.
The Big Statement in #Budget2018

3.67 Lakh Crores of Exempted #LTCG Tax in A Y 2017-2018 and 20k crores expected in tax revenue in 2019 and 40k crores in 2020.
Matching the 3.67 lakh crore number with Income Tax Website.…

Looks like 5 years data added as per Income Tax Website.

All Tax Payers – Range of Long Term Capital Gains Tax
Read 15 tweets
At the Canadian Consortium for Research meeting today w/ @MitacsCanada #CSPF and @NSERC_CRSNG colleagues, where @VB_Lisa opens by discussing #SupportTheReport efforts, asking how can we foster next steps for fundamental research and the #NextGenCanSci in Canada?

#scipol #thread
James Compton, prev prez @CAUT_ACPPU shows that there was a massive increase in student population, but this has slowed over the last 3 years. It would have slowed more, were it not for international students. Yet, #PSE funding from fed has been flat, has decreased at prov level
... Tuition has also increased over time. Faculty wages are not the culprit though, the % #PSE expenditures on wages has diminished over time. There is also more reliance on contract staff ➡️ and academic staff are not being renewed
Read 55 tweets
Got a seat right in the front at #CSPC2018 @sciencepolicy for the panel on #NextGenCanScience (science and the next generation) feat enablers of trainees getting involved in #scipol @ChiefSciCan @McGill_VPRI @katemoran Stacey Robinson and @DanWicklum
#CSPC2018 @ChiefSciCan mentions #Budget2018 reinvestments of 2.8B$ to create more collaborative infrastructure in govt labs and beyond. This is a once in a lifetime opportunity to get things right and elevate Canada in science leadership 🙌
📣 All major equipment in federal labs will be part of a registry and be accessible to everyone ➡️ democratizing the infrastructure of #cdnsci - @ChiefSciCan #CSPC2018 @sciencepolicy
Read 37 tweets
Alright, #CSPC2018 @sciencepolicy, it's time to build some #HYPE!

Fuel up on ☕ & head up to panel #506 in the Capitale room at 3:30!

Great insights from panelists incl @tgruos @DSP_SPE & @MadisonRilling #CIÉ @SciChefQC and *news* (hype!) on the way for #nextgen in 🇨🇦 #scipol.
Here goes! Still time to join us #CSPC2018!
@BelislePipon @HarvardSciPol #FRQ introduces very first panel organized by #CIÉ @SciChefQC, w/ @BlakeFreier @tgruos @DSP_SPE @DLEKirkwood @MadisonRilling. Paul Dufour, as always, is our guide!

#CSPC2018 @sciencepolicy
Read 32 tweets
#CSPC2018 luncheon session w/ @ChiefSciCan starting soon! #Thread here ⬇️

#scipol @sciencepolicy
#CSPC2018 @ChiefSciCan congratulates @MehrdadHariri and his team for the 10th anniversary of @sciencepolicy, and on the success of #SciParl2018 for facilitating great dialogue for #scipol and #cdnsci in Parliament 🙌🙌🙌
... Also thanks the #scipol community for being there and answering the call when they were needed.

Getting the @ChiefSciCan office together was a challenge like for #ECR just starting up a lab, and like #cdnsci she has build an excellent team

Read 16 tweets
Great to be at @uOttawa today to celebrate @cdavidnaylor 's #Friesen prize! #scipol #HealthResearch #cdnsci Image
A few highlights from the talk by @cdavidnaylor in the #Thread below Image
1/ Other nations are moving much faster than Canada for bridging data science and health, to drive personalized medicine
Read 13 tweets
1. Now #Budget2018 settling a bit a few quick thoughts - Hammond trying to have it all - cut taxes, spend a bit more, allow borrowing to keep rolling on a bit, and give impression of big political switch away from years where paying down deficit + debt seemed Tory be and end all
2. Certainly a change that Treasury has decided not to use extra notional cash for sorting out the books - this Budget will actually see the deficit rise, but, two VERY important caveats
3. Extra spending, technically the 'biggest giveaway in a generation' - will nearly all be sucked up by NHS and some depts might still be looking at cuts in next few years (H/T @TorstenBell says they might be 3% on average) - so get ready for brutal fights before Spending Review
Read 7 tweets
Sometimes on days like this when everyone's scrapping around to get heard on the budget it's worth remembering some simple facts.

This is a bit of a thread. #Budget2018
We live in one of the richest nations on earth yet we fail to provide everyone with a roof over their head.

Parents need food banks to put dinner on the table. Most of those parents have a job. #Budget2018
We've gone from being a country of free higher education to one which passes on mountains of debt to the next generation.

A million more kids are set to be in poverty in the coming years. A million. #Budget2018
Read 4 tweets
The Chancellor @PhilipHammondUK will give the #Budget2018 speech at 3:30pm in the @HouseofCommons today.

Not sure what the #Budget is or how it affects you? Watch our video to learn more about Parliament's role in the Budget.
The word budget comes from the old French word ‘bougette’, meaning little bag. It was customary to bring the statement on financial policy to the @HouseofCommons in a leather bag. The modern equivalent of the bag is the red despatch box or Budget box. #Budget2018
Want to watch the #Budget2018 statement live?

📲Follow @HouseofCommons for live updates.
🎥Watch live at parliament
Read 3 tweets
1. So, people are comparing Phillip Hammond’s suggestion of a new budget to George Osborne’s Brexit budget, and I think #Budget2018 may be a good day to demolish a persistent Brexit myth...…
2. Commonly people say that George Osborne’s “punishment budget” was just a lie, and the proof that it was just scaremongering can be found in the fact it didn’t happen.

To understand why this is a myth, we need to actually read it.
3. These are the first two pages. The front page definitely looks official and ‘budgety’. The second page is blank aside from a nice fancy border.

(I will be going through every page. Don’t worry it’s really short, unlike…you know…an actual budget)
Read 16 tweets
Brexit affects EVERYTHING. If you care about austerity, but not about Brexit, you don't really care about austerity. If you care about food security, but not about Brexit, you don't really care about food security 1/30
If you care about children's services, but not about Brexit, you don't really care about children's services. If you care about Universal Credit, but not about Brexit, you don't really care about Universal Credit. 2/30
Brexit will spread like a virus into every aspect of life, making us poorer, less competitive, more isolated in the world. Your heart can be filled with compassion until it threatens to burst, but if you don't care about Brexit, you don't really care about your country. 3/30
Read 36 tweets
1. Sixth (can’t get enough!) in my series of threads looking at recent UK economic performance, from a national accounts viewpoint. History, not forecasts. Today is #Budget2018, so let’s take a peek at government spending's contribution to GDP growth.
2. The government spending that I’m going to focus on here – spending on newly produced goods and services (government consumption) and government gross fixed capital formation (government investment). This is only part of total spend. It excludes stuff like pensions and benefits
3. The pre-crisis period saw a long run (starting in 1998) of fairly elevated growth (by historical standards) in government consumption, which contributed an average of 0.5%y/y to GDP growth between 1998 and 2009.
Read 16 tweets
I used @ProjectJupyter to investigate @NSERC_CRSNG expenditure over recent years using #opendata from @OpenGovCan. My exploration is freely available via @mybinderteam here:… 1/
According to the @OpenGovCan data, Discovery programs @NSERC_CRSNG increased in budget by 16% between 2013 and 2016. 2/
#NSERC leadership was notified of significant gaps in funding for #math and #stats #research by the math/stats Liaison Committee, by Institute Directors, and (publicly) by @NGhoussoub in May.… 3/
Read 6 tweets

The President’s #Budget2018 Speech:
Our Response; A Joint Press Briefing by Senator Aliyu Sabi Abdullahi and Hon. Abdulrazak Namdas on behalf of the National Assembly.
1. We appreciate the fact that the 2018 Appropriations Law which was passed by the National Assembly on May 16th, 2018 was signed by President Muhammadu Buhari on Wednesday, June 20th, 2018.
2. In his speech at the signing ceremony, certain observations were raised about the work of the National Assembly and its Constitutional responsibility to modify and amend the budget estimates submitted to it by the Executive.
Read 83 tweets
A few minutes past noon today, I signed the 2018 Appropriation Bill into Law. #Budget2018
I am however concerned about some of the changes @nassnigeria has made to the budget proposals I presented. The logic behind the Constitutional direction that budgets should be proposed by the Executive is that, it is the Executive that knows & defines its policies & projects.
Unfortunately, that has not been given much regard in what has been sent to me. The National Assembly made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion.
Read 18 tweets
Yesterday, a rare joint session of both houses of @nassnigeria met and issued resolutions that has set it on a collision course with @AsoRock, and holds important political and economic consequences for #Nigeria as it stares down the barrel of #election2019.
The tension between the 2 most important arms of the FG, both controlled by @OfficialAPCNg, has endured through the tenure of @MBuhari's administration and is consequential for the party, for the wider political state of the country and in driving economic policy.
Federal lawmakers, in passing a vote of confidence in the principal officers of @NGRSenate and @HouseNGR, condemned the “systematic harassment and humiliation by @AsoRock of perceived political opponents, people with contrary opinions including legislators and the judiciary,”
Read 24 tweets
Dear any political party
Don't bother preaching tax cuts, debt-reduction through service cuts, as the fast-track to the future or a path to prosperity.
We've had a quarter century social experiment with that.
We're done with that fiscal fantasy.
If you're keen on debt reduction, grow the economy.
If you want more growth, support for women > trade or biz investment.
Women's estimated potential impact on growth (with supports) $150B by 2026. Trade's ~$12B by 2040.
(Thread: )
#cdnecon #cdnpoli #onpoli
Federal #Budget2018 articulated most elements of a plan to increase women's contribution to the economy, but not the next crucial step: a national strategy to improve access to affordable, high quality early childhood education for our kids.
That's why Poloz talked about it y'day
Read 8 tweets
1. As @blueravenart noted, it is unfortunate that @downiewenjack gets $5million in today's budget but the @NCTR_UM gets nothing.… #TRC #Indigenous #Budget2018
2. It is not that the Downie-Wenjack fund, and spaces for reflection and reconciliation, are bad - but we are still fighting for the truth BEFORE reconciliation: #TRC #Indigenous #Budget2018
3. At a time when anti-Indigenous racism is rampant, Sen. Beyak is beaking off accusing the TRC as fake news while opening and holding space for residential school deniers....… #Budget2018
Read 6 tweets
One way to analyse #Budget2018 is to not look at in isolation but as a stunningly well planned sequencing of moves, beginning from 2014 budget and culminating in this, the 5th and last full budget of Modi Government. #NewIndiaBudget 1/10
This sequencing, in respect of moves through budget, can be broadly classified into what has been done on the following fronts A) Aspirational Class ; B) Farmers; C) Women; D) Youth; E) Jobs and F) Overall macro economy. #NewIndiaBudget 2/10
A) Aspirational Class: Ensure every family has bank account---->Direct Transfer of Benefits & Subsidies--->Basic life & accidental insurance--->Enable Formal credit without collateral---->Raise standard of living---->Ensure Medical Insurance for whole family. #NewIndiaBudget 3/10
Read 10 tweets
#Budget2018 When finance minister talks about new technologies like #IoT, #Blockchain and #ArtificialIntelligence.. I know that India has taken a leap in direction of super power. @narendramodi Thank you!
#Budget2018 Indian government first time speaks in budget about technology which realizes that path to super power is via #Technology. Rules of games are now accepted by Indian government. Step in right direction.
#Budget2018 Niti ayog becomes a de facto think tank on #technology enabled governance for India.
Read 3 tweets

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