Jaitley hints at reform-packed Budget, pruning of expenditure
Statement comes on heels of govt already touching 99% of market borrowing estimated in the Budget, as of November end
Ahead of the Union Budget, Finance Minister Arun Jaitley today hinted at more reforms for faster economic growth and rationalisation of expenditure, saying the government does not believe in living on borrowed money.
The statement comes on the heels of the government already touching 99% of market borrowing plan estimated in the Budget, as of end November — four months ahead of the end of the financial year on March 31.
“We’re trying to rationalise expenditure as far as the government is concerned because we do not want the government to live on borrowed money indefinitely. The whole concept of spending beyond your means and leaving the next generation in debt to repay what we are overspending today is never prudent fiscal policy,” he said.
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