On Tuesday, February 11 Finance Minister Nirmala Sitharaman has replied the debate on Union Budget in Lok Sabha. She spoke on various points.
The Union Budget 2025 was presented by the Finance Minister on February 1, 2025. Responding to the debate in the Lok Sabha Nirmala Sitharaman emphasized that the capital expenditure outlays has rather increased than getting decreased.
As quoted by Economic Times, Finance Minister Nirmala Sitharaman stated that, “This Budget has come at a time of immense uncertainties, and the change in global macroeconomic environment makes it challenging. So, if there are challenges which have actually made the Budget preparation with a lot more uncertainties, I have to at least put in front of the august House, that there are issues which are of global concern, which also have an impact on our own Budget making.”
The Finance Minister also mentioned that the global scenario has gone a 180 degrees change in last 10 years, making the preparation of budget more challenging than ever. Finance Minister also stated that the Indian Government is utilizing 99% of its borrowing for the capital expenditure, that is for 4.3% of the GDP.
As quoted by Economic Times, Nirmala Sitharaman said that, “There is a continuation of global conflict in the Middle East, Russia-Ukraine War continues, stagnation in global GDP and sticky inflation in the emerging markets are all vitiate the atmosphere in the entire developing economies. We ideally have a situation which should encourage free trade, we are seeing no restriction, where we very strongly vouch for globalisation, we see lot more fragmentation, where we need fiscal prudence, we are seen rising debts.”
