FM: Will ensure taxpayer money is put to best use

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NEW DELHI: Promising to proceed with the reform push, finance minister Nirmala Sitharaman on Monday mentioned the Narendra Modi govt intends to proceed to maximise the worth and affect of hard-earned taxpayer money, making certain it is put to the best attainable use for the advantage of all.
The assertion comes amid a flurry of bulletins of freebies and doles promised by political events, led by the Congress.
In a social media put up, FM mentioned the Modi govt has prioritised transparency in its budgeting practices and numbers. Countries with clear Budgets are sometimes seen favourably by worldwide our bodies such because the IMF and the World Bank. This can lead to improved world belief.
“This starkly contrasts the @INCIndia-led UPA govt’s repetitive practice of hiding the deficits through off-Budget borrowings and issuance of ‘oil bonds’, which somewhat covertly shifted the fiscal burden to future generations. Under UPA, standard fiscal practices were routinely changed to make Budget numbers look favourable,” she mentioned.
Listing out a collection of measures taken by the Centre during the last 10 years, Sitharaman mentioned varied expenditure reforms have helped govt save curiosity prices whereas constructing transparency and effectivity in treasury administration.
“This is critical as it reduces the wastage of crucial resources, allowing them to be utilised for welfare measures. It also ensures that every rupee collected from taxpayers is used with utmost efficiency. Various measures have been taken to improve expenditure efficiency by reducing unspent and parked funds at various levels,” she tweeted. She additionally flagged the brand new instrument for launch of funds to argue how expenditure administration had improved in recent times. “Our govt, led by PM Sh @narendramodi is committed to harnessing cutting-edge technology, enhancing transparency, and pursuing ongoing reforms to lay a strong foundation for a Viksit Bharat,” FM mentioned.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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