FM holds pre-budget consultation with finance ministers of states

Discussed measures to strengthen cooperation between states and centre to attain US$ 5 trillion economy

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman held the Pre-Budget consultations with Finance Ministers of States and UTs (with legislature) on 18 December 2019.

The meeting was attended by Chief Ministers of Goa, Haryana and Puducherry, Deputy Chief Ministers of Arunachal Pradesh, Bihar, Delhi, Tamil Nadu and Tripura as well as 17 Finance Ministers/Ministers representing their states and senior Officers from Union Government and States. Union Minister of State for Finance & Corporate Affairs Anurag Singh Thakur also attended the meeting.

The FM elucidated Union Government's philosophy of "Cooperative Federalism" and steps taken by the Union Government to bolster growth of the economy. State Governments welcomed the opportunity to present their views and expressed their suggestions on growth, investment, resource requirement and Fiscal Policy. They also suggested measures to strengthen cooperation between States and Centre to attain $5 trillion economy.

The Finance Minister welcomed the suggestions made by the State/UTs in the meeting. FM assured that the memorandums submitted by State/UTs will be examined and suitably considered.

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