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Govt Debt Down To 48.9 pc From 52.2 pc

Mumbai: Finance Minister Nirmala Sitharaman said on Saturday that while presenting the Union Budget in the Lok Sabha, the government’s debt has come down from 52.2 per cent to 48.9 per cent.

“The government debt came down to 48.9 per cent from 52.2 per cent,” she said.

She said: “To all the minorities, women and people belonging to SC and ST category to our people, our business should be healthy. This budget is to fulfil their aspirations.”

She said, “With renewed vigor, under the leadership of PM, we are all committed to presenting the people of India with humility and dedication. People have reaffirmed confidence in our economic policy.”

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Meanwhile, Nirmala Sitharaman paid homage to her predecessor, late Arun Jaitely, terming him as the architect of the Goods and Services Tax (GST).

“Of the structural reforms, the GST has been the most historic in our country. Its chief architect is not with us today. I pay homage to the visionary leader late Arun Jaitely. GST has been gradually maturing into a tax that has integrated the country economically,” she said during her budget speech.

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