Govt stares at a weaker revenue mobilization in the next fiscal because of poor performance of Indian companies The government’s fiscal assumptions in the budget appears to be fraught with hurdles. An expenditure rise is on the anvil even as the government stares at a weaker revenue mobilization in the next fiscal year because of poor performance of Indian companies. The downside risks to the global economy, too, have increased. On 29 February, finance minister Arun Jaitley will present his third Union budget. His efforts to boost public investment will come at a time when he also has to significantly increase revenue expenditure for the implementation of One Rank One Pension scheme for defence personnel and Seventh Pay Commission. Direct tax collection, especially corporate tax collections, have remained poor with the government consistently falling short of its budget estimates in the past few years. For 2015-16, the shortfall in direct tax collection is expected to be around