Nirmala Sitharaman: Budget boosts investments without compromising on fiscal consolidation roadmap

On Friday, Finance Minister Nirmala Sitharaman said that the Budget 2019 would boost investments without compromising on fiscal consolidation roadmap.

Replying to a general discussion on Budget in Rajya Sabha, Sitharaman said the big picture presented in the Budget was backed with a plan and comprehensive steps have been envisaged for the next 10 years. The Budget boosts investments without compromising on fiscal consolidation roadmap. Centre`s net tax revenue for 2019-20 is Rs 16.49 lakh crore, which is up by 11.13 per cent over the previous year," 

Talking on the projections she said, "The inflation rate, the depreciation of the currency and the exchange rate...so many things will have to be managed so that country`s economy doubles ...It is not that easy that only the moneylender will keep an account."

We will absolutely achieve these targets," Sitharaman said.

Sitharaman said that today, the Indian farmer does not have to stand in a queue to buy a bag of fertiliser. With the adoption of the new Minimum Support Policy, all commodities which have been notified have seen a big jump. The measures taken by the government for agriculture are focused not just on a single scheme but on the recovery of the sector as a whole. 

Talking about inflation she said that the government successfully managed to control inflation which is at its lowest now.