rbi mpc: RBI Governor Das says centre sticking to fiscal consolidation roadmap, no ‘major problem’ with govt finances

2023-10-06 09:27:04

RBI Governor Shaktikanta Das on Friday said the central bank does not see any “major problem” or other worries with the finances of the central government.

He said that the government is sticking to its fiscal consolidation roadmap and targets laid down in the budget for FY24.

Replying to a specific question on the state of government finances, Das said, “So far as central government finances are concerned, I do not see any major problem or anything that you know that worries the central bank”.

He said the government is, by and large, sticking to the fiscal consolidation roadmap following the end of the pandemic, which had seen some expansion because of the high spending.

Even during the pandemic, the government’s spending was “calibrated and targeted”, Das noted.

“After the pandemic, the government has announced a fiscal consolidation roadmap. And by and large, they’re sticking to that,” he said. The governor noted that even recently, a statement has been made by the finance ministry that the government will stick to the fiscal deficit, and they are targeting this fiscal consolidation roadmap.

(With inputs from agencies)

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