National election likely to be fierce, what it means for exchequer

The national election is going to fierce this time, at least that much is known.

But the political parties too are leaving no stone unturned in ensuring that they do get maximum votes.

But it may also mean that cost of the extra spending or revenue losses would have to be borne by the government that will take charge after the election due by May of this year.

The spending is also likely to delay plans to reduce the government’s budget deficit, a key indicator of the nation’s economic health.

The government is expected to unveil handouts mostly aimed at farmers in an interim budget to be presented on February 1, it is widely speculated.

While no final decisions have been taken, the measures could include direct transfers of funds into farmers’ bank accounts and interest-free loans for them.

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