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New Delhi: Before the upcoming Budget Session, Congress National General Secretary Jairam Ramesh has raised serious questions on the economic policies of the Central Government. The schedule for the upcoming session of Parliament has been announced and the budget for the financial year 2026-27 will be presented about 20 days from now.
Congress says this budget will reflect the recommendations of the 16th Finance Commission, whose report was submitted on November 17, 2025. These recommendations relate to the sharing of tax revenue between the Center and the states and the mutual share of the states for the period 2026–27 to 2031–32.
Jairam Ramesh also expressed concern over the 60:40 cost sharing formula implemented in the new law related to MNREGA. He said that the already troubled state governments are now even more apprehensive that the central government is putting financial burden on them. The Congress leader also pointed to three major challenges facing the country’s economy.
He said that despite tax cuts and good profits, the pace of private corporate investment remains very slow. There has been a sharp decline in domestic savings rates, which is affecting investment potential. Inequalities related to wealth, income and consumption are continuously increasing. Jairam Ramesh raised the question whether the upcoming budget will be limited to mere juggling of figures or will the government accept these ground truths and take concrete steps.
He said that the high GDP growth required for large-scale employment generation cannot be sustainable unless these fundamental economic problems are addressed. Now everyone’s eyes are on what strategy the government adopts to deal with these challenges through the budget.
