There can be no politics over govt finances: FM Nirmala Sitharaman

New Delhi: FM Nirmala Sitarman said on Tuesday that there should be no politics on public finance, as it has a long -term impact on the Center and the states.
He said, “It is important to raise money as to manage your loan. No one is good if I am very good in giving projects or schemes to the public … but there are no resources for it. Equally, it is also very attractive to borrow,” he said in an incident that the state economic platform, a portal applied to NITIT Aayog and National Council simultaneously. He said that keeping all the realities in mind, he said that there is a temptation to borrow to carry forward development around the world.
“If there is a struggle to become a rapid growing economy, equally, there is a big struggle to include your borrowings. The country has become so debt-stricken, and it is also going to take a generation to come to the acceptable levels, leaving the ideal levels alone,” he said.
He cited the example of discussions GST Council And said that the state finance ministers cut the party lines, discussed the proposals focusing on generating revenue without burdening the public. NCAER Director General Poonam Gupta said that between 2013 and 2023, the loan level in four out of 28 states increased. The ministers were praising all for the Ministry of Statistics, praising the initiative on data recently, which he said, strengthened confidence in official figures.