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We based our approach on a study which showed that capital expenditure has a much higher multiplier effect than revenue expenditure - and that has proven to be correct. The fact that the growth numbers are sustaining at where they are is a clear answer that multiplier is actually... show more

Nirmala Sitharaman Office

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[WATCH] DEALING WITH MUNICIPAL DEBT BY CUTTING WASTEFUL EXPENDITURE Our social contract with the people should mean that those of us who can pay should assist the poor. Our indigent system is still in place but where we will receive the bulk of revenue is by dealing with wasteful expenditure, monies that are leaking in the system. Dealing with wasteful expenditure in our municipalities and curtailing that is where we will be able to raise municipal revenues to address the budget issues we are facing in our municipalities. #ANCManifesto2026 #VoteANC2026 #LetsContinueBuildingBetterCommunitiesTogether

[WATCH] DEALING WITH MUNICIPAL DEBT BY CUTTING WASTEFUL EXPENDITURE Our social contract with the people should mean that those of us who can pay should assist the poor. Our indigent system is still in place but where we will receive the bulk of revenue is by dealing with wasteful expenditure, monies that are leaking in the system. Dealing with wasteful expenditure in our municipalities and curtailing that is where we will be able to raise municipal revenues to address the budget issues we are facing in our municipalities. #ANCManifesto2026 #VoteANC2026 #LetsContinueBuildingBetterCommunitiesTogether

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Artificial Intelligence (AI) is not static. It is a rapidly progressing, real-time and dynamic. Therefore, all of us will have to be conscious that we don't sit back on the ethics. We need to be clear that regulation has to run the race equally as much as the technology is running it. If the technology is on a sprint, the regulation has to be on the sprint, too. - Smt Nirmala Sitharaman at the launch of 'AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth' and the Frontier Tech Repository by NITI Aayog in New Delhi.

Artificial Intelligence (AI) is not static. It is a rapidly progressing, real-time and dynamic. Therefore, all of us will have to be conscious that we don't sit back on the ethics. We need to be clear that regulation has to run the race equally as much as the technology is running it. If the technology is on a sprint, the regulation has to be on the sprint, too. - Smt Nirmala Sitharaman at the launch of 'AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth' and the Frontier Tech Repository by NITI Aayog in New Delhi.

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"The great great NBA players are not only great at what they do, they're a multiplier... The level that Jokic is a multiplier is higher." Jason McIntyre and Rachel Nichols debate if teaming up with Jokic or Luka is a better move for NBA players

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We are living in an India where people's efforts are paying off. The government's policies are supportive and as a result, we're simultaneously pushing all levers so that growth can be sustained. IMF and World Bank have recognised that even this year, India will continue to be the fastest growing economy. - Smt Nirmala Sitharaman in Ernakalum, Kerala.

We are living in an India where people's efforts are paying off. The government's policies are supportive and as a result, we're simultaneously pushing all levers so that growth can be sustained. IMF and World Bank have recognised that even this year, India will continue to be the fastest growing economy. - Smt Nirmala Sitharaman in Ernakalum, Kerala.

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Over the past decade, a significant thrust on infrastructure development has also created a strong foundation for manufacturing-led growth by bolstering investor confidence. This has been enabled by a more than fourfold increase in the Union Government’s capital expenditure (Capex) between 2017–18 and the 2025–26 Budget. - Smt Nirmala Sitharaman at the Hoover Institution in Stanford University in California. India in San Francisco India in USA

Over the past decade, a significant thrust on infrastructure development has also created a strong foundation for manufacturing-led growth by bolstering investor confidence. This has been enabled by a more than fourfold increase in the Union Government’s capital expenditure (Capex) between 2017–18 and the 2025–26 Budget. - Smt Nirmala Sitharaman at the Hoover Institution in Stanford University in California. India in San Francisco India in USA

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Lawrence Kibet: State House is a place where the presidency will use to host a number of delegations. If you go and check before 2023, you’ve been spending a lot of money putting up dome tents, which are costing almost 80 million every week to do that. As part of delivering fiscal consolidation, the issue was to remove this from being recurrent expenditure and put up capital expenditure, which will take away recurrent expenditure. It is the best decision, we are getting value for money #CitizenMondayReport

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No state that has cut down on capital expenditure & increased its revenue expenditure has ever progressed. Here, the Congress administration has taken Karnataka back many years. In the upcoming Assembly session, let the Siddaramaiah Govt release a White Paper detailing how public money has been spent over the last 2.5 years. The people of Karnataka deserve full transparency and accountability.

No state that has cut down on capital expenditure & increased its revenue expenditure has ever progressed. Here, the Congress administration has taken Karnataka back many years. In the upcoming Assembly session, let the Siddaramaiah Govt release a White Paper detailing how public money has been spent over the last 2.5 years. The people of Karnataka deserve full transparency and accountability.

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#WATCH | Addressing the Budget session, Delhi CM Rekha Gupta says, "This year, we have put 70.3% for revenue expenditure and 29.7% for capital expenditure (in the budget). We are also going to do more capital expenditure than last year. For the year 2025-2026, the tax and GSDP ratio was 4.95%. And for the year 2026-2027, this percentage is expected to be 5.09%, which is better than last year. With this, Delhi's revenue surplus is going to be Rs 9,092 crore this year." (Source: Delhi Assembly)

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VIDEO | Delhi: Advocate Prashant Bhushan on Supreme Court notice on a PIL to fix election expenditure of political parties, says, “Today there was an important PIL filed by Common Cause and Center for Public Interest Litigation, seeking a limit on the expenditure by political parties whose candidates are contesting elections. While there is a limit on the expenditure of individual candidates, there is no limit on the expenditure of political parties. And the Supreme Court, as well as the Election Commission, has stated repeatedly that this is creating a situation where money power rules our electoral democracy. And therefore there needs to be a limit on the expenditure political parties. So today, the Supreme Court has issued notice to the Election Commission and to the Government of India on this important petition.”

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There's been a conscious effort, and I can say, with the very strong assistance and helping hand of Hon'ble Prime Minister Shri Narendra Modi, who has consistently said, "Be absolutely conscious of what you're spending the money that you're borrowing." The entire capital expenditure drive, from 2020 onwards, is driven towards building assets. It's driven towards making sure public expenditure creates infrastructure and the economy will be able to benefit from the connectivity. - Smt Nirmala Sitharaman during CD Deshmukh Lecture 2026, in New Delhi (1/n)

There's been a conscious effort, and I can say, with the very strong assistance and helping hand of Hon'ble Prime Minister Shri Narendra Modi, who has consistently said, "Be absolutely conscious of what you're spending the money that you're borrowing." The entire capital expenditure drive, from 2020 onwards, is driven towards building assets. It's driven towards making sure public expenditure creates infrastructure and the economy will be able to benefit from the connectivity. - Smt Nirmala Sitharaman during CD Deshmukh Lecture 2026, in New Delhi (1/n)

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The 16th Finance Commission has taken both municipalities and urban local bodies, as well as panchayats, into its calculation and the allocation made for urban local bodies and municipalities is far higher than ever before. That is major empowerment of the municipal bodies. Other than that, the central government is also giving a 50-year interest-free loan to the states. And many states are undertaking exemplary asset creation at the municipal level. - Smt Nirmala Sitharaman in Rajya Sabha (1/n)

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We need to reframe the debate about welfare expenditure. We should be proud we live in a country that has a welfare state which seeks to supports people when they need it, giving people the help they need to get into work & a decent income if they are unable to work.

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India has increased its commitment to climate action. Six years ago, we were spending approximately 3.7% of our GDP on climate action. Today, that figure is close to 5.6%. We have invested the funds. We are not waiting for financing and technology to come from elsewhere but they must come. – Smt. Nirmala Sitharaman in Munich, Germany

India has increased its commitment to climate action. Six years ago, we were spending approximately 3.7% of our GDP on climate action. Today, that figure is close to 5.6%. We have invested the funds. We are not waiting for financing and technology to come from elsewhere but they must come. – Smt. Nirmala Sitharaman in Munich, Germany

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