Prime Minister Mr. Narendra Modi's government committed to pursuing ongoing reforms with cutting-edge technology and transparency: Union Finance Minister Ms. Nirmala Sitharaman
- IBEF
- May 28, 2024
Union Finance Minister Ms. Nirmala Sitharaman highlights the government's commitment to leveraging technology and fostering transparency for a robust foundation in Viksit Bharat. Significant expenditure reforms have led to savings in interest costs and enhanced efficiency in treasury management. Administering 108 Centrally Sponsored Schemes (CSS) through State and UT governments, with budgets of approximately US$ 60.29 billion (Rs. 5.01 lakh crore) for 2024-25 and US$ 57.28 billion (Rs. 4.76 lakh crore) for 2023-24, underscores the government's focus on inclusive development.
Furthermore, she underscores the transformation of budgetary processes, shifting from mere expenditure records to strategic blueprints. Emphasizing fiscal prudence and inclusiveness, she discusses advancements in budget presentation since 2017-18, empowering state governments for better budget planning. The augmentation of the Contingency Fund of India and expenditure reforms are pivotal in enhancing treasury management efficiency and ensuring optimal utilization of taxpayer resources.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
