The government would consider imposing a tax or surtax to at least partially fund immunization spending in the next budget. Given the state of the economy, most economic agents would not be in favor of a higher tax liability. However, it is also true that in a given situation, with a significant increase in the deficit and public debt, the government will want to mobilize additional resources to minimize the broader macroeconomic implications of its finances.
Against this background, our lead editorial notes that it makes sense for the government to impose a shutdown or surcharge to fund the immunization program. But he must be aware of several problems to do this.
Other opinion pieces of the day, among others, discuss expectations from 2021 and the BJP legislative agenda in the states.
New hopes on the economic, health and political front are tempering the dark legacy of 2020, writes …
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