Budget: new ideas, old strategies

In the aftermath of Finance Minister Davendranath Tancoo’s budget presentation, reactions have been mixed, with some praising it as a ‘people’s budget’ while others remain sceptical of its long-term viability. The budget, which shifts financial burdens from the working class to banks, insurance companies, and landlords, has been described as a political solution to a complex economic problem. However, critics argue that this approach merely redistributes costs rather than addressing systemic issues.