Finance Minister Announces Fiscal Deficit Reduction and Debt Management Goals

Finance Minister Nirmala Sitharaman has pledged to reduce the fiscal deficit and limit national debt to 50% of GDP by 2030. She highlighted the government's efforts to control inflation and protect consumers, while also addressing concerns about state finances and opposition protests.

Key facts

• The government aims to limit national debt to 50% of GDP by 2030.
• International organizations have acknowledged India's disciplined approach to debt management.
• The government has implemented measures to control inflation, such as restrictions on rice exports.
• Sitharaman suggested that concerns about state finances should be debated in the state assembly.

Sources

• Livemint