According to RBI Governor Shaktikanta Das, there’s good news on the financial front. He mentioned that there aren’t any big concerns or troubles with the central government’s finances. He also assured that the government is on track with its plans to manage the budget for the next fiscal year, FY24. So, things seem to be moving along steadily on the financial front!
Addressing a direct query about the state of government finances, Das reassured, “As for the central government’s finances, there doesn’t seem to be any significant issue or cause for concern from the central bank’s perspective.
He mentioned that the government, for the most part, is following the plan to manage finances even after the pandemic’s impact, which had led to increased spending.
During the tough times of the pandemic, the government spent money judiciously and with a specific purpose, as Das pointed out.
He emphasized that post-pandemic, the government outlined a clear strategy to streamline finances, and for the most part, they’re staying on course.
The governor highlighted that even recently, the finance ministry reaffirmed their commitment to maintain a balanced budget, staying on track with their financial plan.
