NITI Aayog Vice Chairman Rajiv Kumar on Wednesday dismissed concerns of fiscal slippage and said the next Union Budget will not be a populist one.
“There shouldn’t be a fear of financial risk because of slippage because if at all, a fiscal slippage happens, it would only be for the right reasons.”Fear would be if you had a situation where the government was going to be populist, splurging and cutting taxes here and there. That would have been the cause of fear,”.”But you can be assured that with this government, and this Prime Minister, that sort of irresponsibility will never happen,” he said.
The NITI Aayog added that the current government had “never made a populist budget will never make a populist budget and will never like to buy votes”.
“If you have used your extra borrowings for generating productive capacities which will push growth up and for undertaking structural reforms which will bring about such amazing positive effects on GDP as a whole… These are the right reasons.”
Rajiv Kumar said it’s been six months into the GST era and revenues will rise in the coming months.
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“If we are taking time to stabilize and revenues are dropping… You know that these revenues will rise in the coming months,” he said.
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