The Budget 2007-08, the third by the United Progressive Alliance government, will aim at consolidation of programmes launched since it assumed the reigns of power, injecting catalysts wherever necessary. Indications are that continued emphasis on social sector spending, with new policies for spurting the growth in agriculture are on the anvil. The understanding in the government is that corrective policy decisions clubbed with focussed thrust on improving implementation will pave the way for enhanced spending on social sectors. The government leadership is of the view that the on-going schemes relating to social sectors have reached a point where absorptive capacities are visible.
