Terming the Union Budget as "ridiculous", Janata Party president Subramanian Swamy on Saturday said that the fiscal proposals unless rectified will "doom the economy".

"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% of GDP means a GDP growth of 20.6% in one year. This is ridiculous even in current prices," he said in a statement in New Delhi.

"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.

The other side of budget  | Highlights | Reforms