Government Committed To Fiscal Consolidation Without Compromising On Public Expenditure: Nirmala Sitharaman

🥂 Replying to the general discussion on Budget 2019-20 in the Lok Sabha, finance minister Nirmala Sitharaman said the government has set the fiscal deficit target at 3.3 per cent of GDP for 2019-20.

Outlook Web Bureau

Updated on: 10 July 2019 4:37 pm

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꧃Government Committed To Fiscal Consolidation Without Compromising On Public Expenditure: Nirmala Sitharaman

♛Government Committed To Fiscal Consolidation Without Compromising On Public Expenditure: Nirmala Sitharaman

♚Finance Minister Nirmala Sitharaman on Wednesday said the government is committed to follow the path of fiscal consolidation without compromising on public expenditure.

💮Replying to the general discussion on Budget 2019-20 in the Lok Sabha, the minister also said the government has set the fiscal deficit target at 3.3 per cent of GDP for 2019-20.

ꦆ"We will move GST Council to reduce the GST rate on e-vehicles from 12 per cent to 5 per cent," she said.

𓆉The 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 has increased Minimum Support Price (MSP) for all 22 commodities.

🎃Sitharaman further said the governmment has been taking several steps to achieve USD 5 trillion economy by 2024-25.

(PTI)