In a political landscape often marked by populist overtures, the latest budget stands out for its calculated restraint. Outwardly, it appears to be an exercise in economic prudence, prioritising fiscal discipline over political expediency. Yet, beneath this veneer lies a shrewd play of realpolitik, subtly aligning with voter sentiments while appeasing the hawks of fiscal orthodoxy.The budget’s core message is unmistakable: credibility trumps short-term growth spurts. By banking on optimistic revenue projections and targeted tax concessions, the government has sought to stimulate demand without resorting to the traditional fiscal largesse. This approach not only pleases the fiscal conservatives but also strikes a chord with urban voters, particularly the middle and upper-middle classes, who have felt the pinch of prolonged belt-tightening.
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