IN election season, when political parties are seen to be making promises that would involve a commitment to governments making expenditures later, a question is often posed whether the country can afford such a ‘burden’. Those who pick this specific criticism among the several possible reasons that could be advanced against what is being offered, of course, are not in favour of any significant stepping up of public expenditures and effectively assume that the resources that the government can command are not amenable to increase.

ON April 1, 2019, the ministry of finance issued a statement announcing the GST collections for March 2019, the last month of the financial year 2018-19. The statement celebrated what was supposed to be the highest monthly collection since the introduction of GST – Rs 1,06,577 crores. What was, however, left out of the picture was what this collection put the final seal on – namely, that GST revenues for 2018-19 are well below the figure projected even in the revised estimates (RE) presented in the union budget 2019-20 on February 1, 2019.

WHAT is happening in Venezuela today provides an object lesson on the nature of imperialist intervention in third world countries in the era of neoliberalism. Imperialism has of late intervened along similar lines in other Latin American countries, notably Brazil; but Venezuela, precisely because of the strong resistance it has put up, shows the techniques of imperialism in sharper relief.