States urge FM Nirmala Sitharaman to raise fiscal limit in Budget

Another state finance minister said it was made clear that the Union Budget must announce something major with regards to state finances.

In the pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman on Monday, states urged the government to increase their fiscal limit, help with goods and services tax compensation, as well as provide support for Covid-19 vaccinations.

States highlighted their weak fiscal position in the over two-hour long meeting.

“There were a lot of agreements on several issues across political parties amid terrible shape of state finances. Several suggestions were made with regard to state finances, which was the focus of the pre-Budget consultation meeting,” said a state finance minister.  

Another state finance minister said it was made clear that the Union