Biggest priority of budget was to keep macroeconomic stability unchanged: Nirmala Sitharaman

Union finance minister Nirmala Sitharaman on Tuesday said the biggest priority of the union budget 2020 was to keep the macroeconomic stability unchanged.

Addressing India Inc at a CII event, she said, “If we give priority for the macroeconomic stability, the first thing I could not play around with the FRBM (Fiscal Responsibility and Budget Management). I had to be well within its limits.”

“If by spending, I was to give that necessary impetus to the economy, we were very clear that we shall not violate the FRBM and as a result, only that much forbearance or only that much of window or only that much of escape clause that it permits us, we have utilised,” Sitharaman said.

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