Quick Summary
The Central Government is governed by the principle of Minimum Government - Maximum Governance and presented the same philosophy through the Union Budget 2021-22 recently. This was stated here today by Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman in a virtual event - Demystifying Union Budget 2021-22 organised by the PHD Chamber of Commerce and Industry. Speaking at the event, Smt. Sitharaman mentioned that the Government has spent big on those areas of activity whic
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FAQ :
The Central Government is guided by the principle of 'Minimum Government - Maximum Governance'.
The government has presented this philosophy through the Union Budget 2021-22, focusing spending on areas with a big multiplier effect.
The government is carefully monitoring the fiscal deficit and believes it needs to be tackled diligently.
The responsibility for funding long-term infrastructure financing lies with Development Finance Institutions (DFIs), including opportunities for private DFIs.
The Finance Minister stated that the Union Budget 2021-22 is transparent, with all government borrowing and spending open for public view.
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