In Budget FY16, the finance minister provided R8.5 lakh crore for agriculture credit—much more than the year before. In a survey, on being asked what this amount meant, farmers said it meant the new loans to be given to farmers this year. It actually is the net outstanding (including interest, penalties, etc) to the agriculture sector, some loans possibly pre-dating Independence. It is expected that the next Budget would be more transparent if the finance minister gathered more information by ordering an examination of incriminating evidence indicating a different conclusion. Otherwise, his numbers won’t mean what the public thinks they mean.

fddfdf