Govt committed to fiscal consolidation, boost investment in social sector, says Nirmala Sitharaman
New Delhi | Jagran News Desk: Finance Minister Nirmala Sitharaman on Wednesday said that the government was committed to the path of fiscal consolidation without compromising on requirements of public expenditure and there was an increase in tax receipts of the government. She was replying to the debate which was going in Parliament in the Union Budget 2019-20.
The minister said the government's intention is to push infrastructure development and invest over Rs 100 lakh crore in the next five years.
She said the government was committed to national security as also to "sabka saath, sabka vikas".
Sitharaman said that the amount of money spent on central government schemes was higher two years after the implementation of Goods and Services Tax. She also said the government was committed to "substantially boost" investment in agriculture and the social sector, particularly education and health.
Finance Minister referred to the government setting fiscal deficit target of 3.3 per cent from an earlier 3.4 per cent and said there should be no anxiety.
"The government is committed to continue the path of fiscal consolidation without compromising on requirements of public expenditure placed by various sectors," she said.
"Increased investment in the social sector will be ensured through prudent rationalization of expenditure and mobilisation of additional resources," she added.
Several members took part in the debate which lasted over 15 hours.
(with ANI inputs)
Posted By: Aalok Sensharma