Budget 2012 unless rectified will doom economy: Subramanian Swamy

NEW DELHI: Terming the Union Budget as "ridiculous", Janata Party President Subramanian Swamy today said that the fiscal proposals unless rectified will "doom the economy".

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"The 2012-13 Budget figures and numbers are all cockeyed. For example, fiscal deficit of 4.79 lakh crore rupees in 2012-13 targeted to be 5.1 per cent of GDP means a GDP growth of 20.6 per cent in one year. This is ridiculous even in current prices," he said in a statement here.

"Most of the budget numbers like fiscal deficit figures, are ridiculous, or concocted or plain inconsistent...this budget unless rectified will doom the economy," he said.