New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government has come out with open and transparent Budget and has not made any attempt to hide anything under the carpet.
She said that the focus of the Budget 2021-22 has been on spending big on infrastructure and attending to the needs of healthcare sector for reviving Indian economy which is expected to contract by 7.7 per cent in the current fiscal ending March hit by the COVID-19 crisis.
Briefing media after the presentation of Budget in Parliament, Sitharaman said the government has not lost opportunity to clean up its own book.
Union Budget 2021| It s An Open Budget, Not Trying To Hide Anything: Nirmala Sitharaman
Following the Budget session in Parliament, Nirmala Sitharaman said that the government shall spend the most on health sector and infrastructure PTI Outlook Web Bureau 2021-02-01T20:25:59+05:30 Union Budget 2021| It s An Open Budget, Not Trying To Hide Anything: Nirmala Sitharaman outlookindia.com 2021-02-01T21:45:35+05:30
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The government has come up with a transparent and open Budget and is not trying to hide anything under the carpet, said Union Finance Minister Nirmala Sitharaman following the budget session in the parliament.
For reviving the Indian economy, Sitharaman said, the Budget 2021-2022 focusses the most on spending on infrastructure and attending to the needs of the healthcare sector, which is being expected to contract by 7.7 per cent in the current fiscal ending March hit by the COVID-19 crisis.
Government confident of achieving targets set in Budget 2021-22: DEA secretary Tarun Bajaj
Finance minister Nirmala Sitharaman said the Centre is targeting a fiscal deficit of 6.8 percent of gross domestic product (GDP) for FY22, which will gradually come down to below 4.5 percent by FY26. This will require amendments to the Fiscal Responsibility and Budget Management Act February 01, 2021 / 07:12 PM IST
India will be able to adhere to the budgeted fiscal deficit target of 6.8 percent of gross domestic product (GDP) for FY22 and it could also be lower than the target, Economic Affairs Secretary Tarun Bajaj said. Our revenue figures for this time are understated and overstated. So we have taken our nominal GDP at 14.4 percent and the revenues at 16.7. The buoyancy is only 1.16. We are hopeful that we will be able to get more than this and also achieve more in the other areas of non-tax revenue and disinvestment. We will definitely be within 6.8 percent and could be lower, B
I chose to spend big on infrastructure: FM
February 01, 2021
× The Union Budget is now more transparent, Finance Minister Nirmala Sitharaman said here on Monday. She also emphasised that this Budget has two prominent pillars expenditure on infrastructure and spending for capacity building in the health sector.
“We have made our accounts very clear. We have made it more transparent,” Sitharaman told media persons after presenting her Budget. “This means there will be least off-Budget borrowing and, barring a very small amount for the rainy day, all borrowings will be on the main Budget and, consequently, this will be reflected in the fiscal deficit.”
Budget transparent and open; nothing hidden under carpet: FM
By Mansoor| Updated: 1st February 2021 8:14 pm IST Photo: Union Finance Minister of India Nirmala Sitharaman (Source: PTI)
New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government has come out with open and transparent Budget and has not made any attempt to hide anything under the carpet.
She said that the focus of the Budget 2021-22 has been on spending big on infrastructure and attending to the needs of healthcare sector for reviving Indian economy which is expected to contract by 7.7 per cent in the current fiscal ending March hit by the COVID-19 crisis.