GST Council seeks revenue growth without public burden: Finance Minister
New Delhi [India], April 1 (ANI): Finance Minister Nirmala Sitharaman emphasized on Tuesday that financial matters of the country and states should remain above politics. Speaking at the launch of the 'NITI NCAER States Economic Forum' portal in New Delhi, Sitharaman highlighted the balanced approach taken by the GST Council, where finance ministers from various states work together to increase revenue without overburdening citizens.
"When it comes to finances of the country, when it comes to the finance of the central government or of the states, it cannot be politics," Sitharaman stated during the event, which marked the unveiling of the new data repository developed jointly by NITI Aayog and the National Council of Applied Economic Research (NCAER).
The Finance Minister emphasized that raising revenue remains crucial for meaningful development interventions but must be balanced with responsible debt management. "You want money, you want to raise revenues.
You want to have that comfort that you are better placed, so that you can think in terms of more meaningful intervention for development," she said. Sitharaman cautioned about growing debt concerns worldwide, noting that despite India being the fastest-growing economy, debt management remains a significant challenge.
