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Budget 2013 verbose, lacks substance: BJP

BT Online Bureau     February 28, 2013
The Bharatiya Janata Party (BJP) on Thursday said the general budget presented by Finance Minister P Chidambaram in Parliament was "verbose" and lacking in substance.

"The budget is verbose but on substance, extremely low," said leader of opposition in the Rajya Sabha Arun Jaitley. "First put the economy in distress; then a helpless finance minister comes out with a budget in which he had very little elbow space," he said.

According to him, Chidambaram had "made cosmetic changes in different heads of taxation or different expenditure". He added that the minister had indulged in a "little bit of jugglery, by marginally increasing taxes in certain ministries and substantially reduces expenditure".

Jaitley said the budget contained little to offer a boost to agriculture or manufacturing sectors, which are vital for sustainable growth.

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