Focus will be on managing debt levels & fiscal consolidation: FM Nirmala Sitharaman

Speaking at the Times Network "We've brought down debt-to-GDP from over 60% post-Covid; it's declining, and debt reduction will be the core focus next financial year," Sitharaman said.The Centre expects general government debt to fall to 56.1% of GDP in this financial year.Calling for greater accountability and transparency in state finances, Sitharaman said that the Centre has consistently reduced debt levels and that states must follow suit.Live Events"Unless the debt-to-GSDP (gross state domestic produc ...