Government is gradually managing fiscal deficit, says Nirmala Sitharaman

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Sunday said that the government was conscious of managing gradually, without interrupting the pace of recovery, the fiscal deficit, Gross Domestic Product, and other important indicators of the country’s economy. “We funded the stimulus package with borrowed money. The package is largely aiming at sectors that provide the multiplier effect. Important indicators of the economy have to be carefully managed,” the Finance Minister told a gathering of industry captains at an interactive session organised by Bangalore Chamber of Commerce and Industry here on Sunday. “In a reasonable amount of time, the fiscal deficit will also be kept at a healthy level and [will] not be left unchecked,” she added.