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FM Calls For Free Trade, Stresses Need To Boost Household Sentiments
Financial Express Chandigarh
|February 12, 2025
● Entire borrowings of govt to finance capital expenditure
FINANCE MINISTER NIRMALA Sitharaman on Tuesday made a strong pitch for free trade and globalization even as a tariff war has erupted with the measures taken by the Trump administration in the US.
Replying to a debate on the Union Budget in the Lok Sabha, she also countered the criticism of achieving fiscal goals through a "cut" in capital expenditure and reduced allocation for multiple welfare schemes and social-sector programmes, saying the entire borrowings are practically used for capex.
"We ideally should have a situation, which should encourage free trade, (where there are) no restrictions... where we very strongly vouch for globalization. (But) we see a lot more fragmentation." She added: "We need fiscal prudence (as) we are seeing rising debts..."
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