ET GBS: FM Jaitley says budget will be determined by resources, growth potential, tax buoyancy Jaitley reiterated that the government was against retrospective taxes, saying these had brought little by way of revenue but given the country a bad name. NEW DELHI: Finance minister Arun Jaitley said the direction of this year's budget will be determined by the resources India has, the economy's growth potential and tax buoyancy. It won't be populist, he said. He said there were arguments in favour of keeping the public spending tap open as well as maintaining the credibility of governance by sticking to fiscal deficit targets. A third view was: "Should you have targets at all that constrain you? In a fast-moving situation, government has the mandate to decide." What the government decides will be revealed in the budget that's to be announced by him at the end of February, Jaitley said at the Airtel-Economic Times Global Business Summit on Saturday....