The title of H.P.Ranina’s booklet “Union Budget of 1989-90 Provides No Remedies for Economic Ills” implies what the author wants to fight about. He begins by focusing on the budget’s flaws, noting that it has no provisions that will have a positive influence on economic development in 1989-90. Industrial activity could have been given a boost, which would have broadened the output base, as the industrial sector accounts for around 80% of government revenue.The author explains how the budget failed to address two main issues: correcting the fiscal imbalance and growing the trade gap, both of which have pushed our foreign exchange reserves to dangerously low levels. Many of the important recommendations and suggestions made in the Economic Survey the year before the budget was announced were not addressed in the 1989 Union Budget. The author also mentions the possibility of a worsening of the balance if the payment situation worsens despite the fact that exports are growing, because the oil import bill and the repayment schedule for foreign debts would result in a significantly higher net outflow of foreign exchange in 1989-90. As a result, the budget plans will only fulfil their goals if the monies set aside for various initiatives are fully spent and reach the most vulnerable members of our society, which will necessitate rigorous monitoring of various schemes.