Union Finance Minister Nirmala Sitharaman has reaffirmed the Centre's commitment to fiscal consolidation, setting a target of capping national debt at 50% of gross domestic product by 2030. She also said the government was working to contain inflationary pressures and the Reserve Bank of India was seeking to prevent sharp fluctuations in the rupee's value.
Speaking to reporters in Tiruchirappalli on October 26, Sitharaman said the Centre's annual budgets reflected its resolve to bring down the fiscal deficit. She added that the Union government had been implementing measures to reduce its debt burden, an approach that international organisations had recognised for its discipline.
