Gaping Hole

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Inrnthe 2004 pre-election budget report, the Treasury says handouts for drought costrnRs. 900 mn, transport sector Rs. 1.8 bn, backward wages for the health sectorrnRs. 1.7 bn and Rs. 800 mn for a snap poll.

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Inrnaddition to that, a further Rs. 1.5 bn has been doled out since last November,rnto cushion import prices of oil, wheat, fertiliser and gas.

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ldblquote Thernpolitical instability and the delays in foreign funding are likely to reducerncapital expenditure by around Rs. 7 bn and this position would partly offset thernincreased recurrent expenditure,
dblquote Finance Minister K N Choksy said.

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