Finance Minister Arun Jaitley, who is presenting the Union Budget for fiscal 2015-16 in the Parliament, on Saturday said, with the fiscal space reduced, the government has decided to continue supporting important national priorities.
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The highlights of his speech are as follows:
With the fiscal space reduced, the government has decided to continue supporting important national priorities.
With fiscal space being squeezed have to maintain the fifth challenge of the need for fiscal discipline.
Public Investment needs to step in to catalyze the investment in PPP.
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The states get 62 percent of the total resources.
Tax buoyancy is lower but still we will meet the promise of Fiscal deficit of 4.1 percent of GDP this year.
This government is committed to regain pre-eminence as a just and compassionate society.
We need to cut subsidy leakage not subsidy themselves.
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