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We have set ourselves a certain target, which is to bring the borrowing down to the 50% level of GDP by 2030. Therefore, I will be working on that path. There are advanced economies whose debt is well over 200% of their GDP even now. We have given ourselves... show more

Nirmala Sitharaman Office

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𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐦𝐚𝐝𝐞, 𝐜𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐟𝐮𝐥𝐟𝐢𝐥𝐥𝐞𝐝. "I have fulfilled my commitment made in FY 2021-22 to reduce the fiscal deficit below 4.5% of GDP by 2025-26. In RE 2025-26, the fiscal deficit has been estimated at par with BE of 2025-26 at 4.4% of GDP." - Smt. Nirmala Sitharaman

𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐦𝐚𝐝𝐞, 𝐜𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐟𝐮𝐥𝐟𝐢𝐥𝐥𝐞𝐝. "I have fulfilled my commitment made in FY 2021-22 to reduce the fiscal deficit below 4.5% of GDP by 2025-26. In RE 2025-26, the fiscal deficit has been estimated at par with BE of 2025-26 at 4.4% of GDP." - Smt. Nirmala Sitharaman

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The Fiscal Deficit has also come down. In 2020-2021, even with COVID, it was 9.3%. From there, we brought it down to 4.3%, the BE projection for 2026-27. In one stretch from there. We didn't violate the glide path, which was given in this house. We have completely abided by it. And that's why we've reached 4.3%. Global comparison is also important. Since 2008, the world's overall debt burden has increased 41%. China's debt exploded 139%. India has actually reduced its total debt burden by 4% of GDP. The US Debt to GDP stands at 124%. China at 88%. Japan at over 250%. India's combined figure, the Debt to GDP is 83% approximately. It is lower than most major economies and is on a declining path. And that too, after COVID. We have retained a sense of calm and given free vaccine to all the citizens, but still that fiscal deficit of 9.3% has been brought down. The erstwhile UPA couldn't withstand a global financial crisis which had a relatively limited impact on the Indian economy. Smt Nirmala Sitharaman in Lok Sabha (1/2)

The Fiscal Deficit has also come down. In 2020-2021, even with COVID, it was 9.3%. From there, we brought it down to 4.3%, the BE projection for 2026-27. In one stretch from there. We didn't violate the glide path, which was given in this house. We have completely abided by it. And that's why we've reached 4.3%. Global comparison is also important. Since 2008, the world's overall debt burden has increased 41%. China's debt exploded 139%. India has actually reduced its total debt burden by 4% of GDP. The US Debt to GDP stands at 124%. China at 88%. Japan at over 250%. India's combined figure, the Debt to GDP is 83% approximately. It is lower than most major economies and is on a declining path. And that too, after COVID. We have retained a sense of calm and given free vaccine to all the citizens, but still that fiscal deficit of 9.3% has been brought down. The erstwhile UPA couldn't withstand a global financial crisis which had a relatively limited impact on the Indian economy. Smt Nirmala Sitharaman in Lok Sabha (1/2)

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A decade ago, our economy was one of the "Fragile Five." We began the second quarter of the 21st century as the fastest-growing major economy in the world. We began with a fiscal deficit on an unsustainable trajectory. We have brought it to 4.4% of GDP, en route towards 50% debt-to-GDP by 2030-31. We began with a tax system built on suspicion. We have created one premised on trust. We moved the budget date. We introduced quarterly limits. We built the TSA and the PFMS ecosystem. We decriminalized commerce. We made tax assessment faceless. We created an inflation targeting framework and the institutional independence that makes it credible. These are not small achievements. They are the cumulative result of thousands of decisions by the collective wisdom of people and leadership who chose the harder, more principled path when the easier one was always available. - Smt Nirmala Sitharaman in New Delhi (1/n)

A decade ago, our economy was one of the "Fragile Five." We began the second quarter of the 21st century as the fastest-growing major economy in the world. We began with a fiscal deficit on an unsustainable trajectory. We have brought it to 4.4% of GDP, en route towards 50% debt-to-GDP by 2030-31. We began with a tax system built on suspicion. We have created one premised on trust. We moved the budget date. We introduced quarterly limits. We built the TSA and the PFMS ecosystem. We decriminalized commerce. We made tax assessment faceless. We created an inflation targeting framework and the institutional independence that makes it credible. These are not small achievements. They are the cumulative result of thousands of decisions by the collective wisdom of people and leadership who chose the harder, more principled path when the easier one was always available. - Smt Nirmala Sitharaman in New Delhi (1/n)

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"By 2030-31 the debt-to-GDP ratio will come below 50%. We are moving towards that destination from now." - Union Finance Minister Nirmala Sitharaman

"By 2030-31 the debt-to-GDP ratio will come below 50%. We are moving towards that destination from now." - Union Finance Minister Nirmala Sitharaman

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MILEI: WE HAVE LOWERED 30% OF PUBLIC SPENDING, THIS IS GIVING FREEDOM BACK TO PEOPLE "Argentina has a zero-deficit policy. We are one of the five countries in the world that have a financial surplus, the remaining 190 have a deficit. Having financial surplus combined with our GDP expansion means our debt-to-GDP ratio is falling. Therefore, inexorably Argentina's country risk will end. Also, Rothbard said that true fiscal pressure was the size of the public sector. We have lowered public spending by 30% in real terms. Come tell me we ain't giving freedom back to the people." -President Javier Milei Javier Milei

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🗣️ Mikel Arteta on whether Man City will be Arsenal's biggest title challenger: “We will have a lot of challengers, I think, looking at the squads, the managers and the clubs that are there. “So we know that. I think we need to focus on ourselves and make sure that we maximise every resource that we have to give ourselves the best chance. “Then, day by day, this is going to be a long, long run.”

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Global public debt has surged to approximately $106 trillion - exceeding 95% of Global GDP.. Many advanced economies that spent decades running expansionary fiscal policies now find themselves with severely constrained policy space precisely when they need it most. Meanwhile, India continues to stand out. Our general government Debt-to-GDP ratio, which includes the States’ debt, at approximately 81%, is the lowest among major economies after Germany. More importantly, India is the only major economy where the IMF projects this ratio to fall significantly to 75.8% by 2030 while the debt outlook for the advanced economies such as US, China, Germany, and others is projected to worsen. - Smt Nirmala Sitharaman in New Delhi (1/n)

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How out of control is US government spending? "Since 1800, there have been 52 countries that saw a Debt-to-GDP above 130%, 51 of those countries have defaulted." - Adam Kobeissi with Charles V Payne Currently, the US has a Debt-to-GDP ratio of 124% which is up over 20% since 2020. The US will be above that 130% threshold by 2033 based on the current trajectory. According to the US CBO itself, Debt-to-GDP is on track to hit 150%+ by 2050. Meanwhile, a $1.2 trillion budget was just passed and the debt ceiling is uncapped until 2025. How is this ever sustainable?

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When asked why the U.S. should allow Iran to have a small amount of enrichment, Iranian Foreign Minister Abbas Araghchi tells Margaret Brennan that they “have every right to enjoy a peaceful nuclear energy, including enrichment.” “I think as a sovereign country, we have every right to decide for ourselves, by ourselves,” he says. “We have developed this technology by ourselves, by our scientists, and it is very dear to us because we have created – we have paid a huge expense for that. We have been on the sanctions for at least 20 years.”

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Jean Charest: "We're not as big as the United States. We know that. We have to be more strategic. We have to be smarter. And we have to have a hard look at ourselves and our own economy and what it is that we have to do here at home to make ourselves more competitive. So that 20 years from now we thank Donald Trump."

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Delhi School of Economics (DSE) will have an open invitation every year to come up with a set of ideas that you would want to see in the Union Budget. Let this practice happen every year from now. And that's with the hope that we will have ideas, from young minds who have chosen to be in the field of economics, to guide the country's budget every year so that we will have a #ViksitBharat by 2047. I assure you that all Secretaries of Ministry of Finance, along with myself, will be present to listen to your suggestions. - Smt Nirmala Sitharaman.

Delhi School of Economics (DSE) will have an open invitation every year to come up with a set of ideas that you would want to see in the Union Budget. Let this practice happen every year from now. And that's with the hope that we will have ideas, from young minds who have chosen to be in the field of economics, to guide the country's budget every year so that we will have a #ViksitBharat by 2047. I assure you that all Secretaries of Ministry of Finance, along with myself, will be present to listen to your suggestions. - Smt Nirmala Sitharaman.

Nirmala Sitharaman Office

16,493 views • 10 months ago

#WATCH | Delhi: On Indian Railways performance, Former member, Railway Board (Traffic), Mohammad Jamshed says, "... Indian Railways have been doing well in the last couple of years, especially post COVID period on passenger as well as freight side. We have set the highest loading records at the same time on the passenger front, as per the statistics, which have not reached the pre covid level, but it is picking up. During this year, the target we have set is an ambitious 17 million tons and a passenger revenue target set around Rs 92 thousand crores..."

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14,148 views • 7 months ago

.Treasury Secretary Scott Bessent: "With the Section 301 tariffs, I am confident that we will be back to the same level — if not higher — of tariff income [as] last year, and that is most of the increase in the deficit... Remember, we did not get here in a day. We were left with a mess. The Biden Administration had the highest deficit-to-GDP in history when we weren't at war or weren't in a recession. For 2025, we brought it down by more than a percent."

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We’ve just reached 1 million Early Access redemptions. The support you have all shown for Path of Exile 2 Early Access is far beyond anything we could have ever predicted. However we want to be upfront with you all and let you know there may very well be queues over the weekend.

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Path of Exile

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