New Delhi: For Pranab Mukherjee, the new Finance Minster, the first priority is to get the economy back on rails, however the fiscal consolidation can happen later. Pranab Mukherjee, in his first statement to the media gives emphasis on boosting the economy, which comes first and if so required, the fiscal situation can take a back seat for the time being. These are signs that point to more stimulus in the upcoming budget.
Reviving the growth momentum is the top most priority of the government. The mandate of the people has provided that booster dose has led to a widespread feel-good sentiment. I am aware that we need to rapidly build on that with concrete steps, which we shall do, he said.
He also added we are committed to restoring growth and employment and that would not have been possible without increased spending funded by incremental borrowing. This would need to be further continued in 2009-10.
Meanwhile, he is also quite optimistic that the budget would be passed by July end, which will also carry the broad outline of the stimulus. Now the focus is the ''aam aadmi'' and the coming budget will capture this mood.
Reviving the growth momentum is the top most priority of the government. The mandate of the people has provided that booster dose has led to a widespread feel-good sentiment. I am aware that we need to rapidly build on that with concrete steps, which we shall do, he said.
He also added we are committed to restoring growth and employment and that would not have been possible without increased spending funded by incremental borrowing. This would need to be further continued in 2009-10.
Meanwhile, he is also quite optimistic that the budget would be passed by July end, which will also carry the broad outline of the stimulus. Now the focus is the ''aam aadmi'' and the coming budget will capture this mood.
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