TIWN
![Finance Ministry looking at ways to cut govt debt: Sitharaman Finance Ministry looking at ways to cut govt debt: Sitharaman](http://www.tripurainfoway.com/viewimage.php?src=http://www.tripurainfoway.com/news_pic/2023/1-1697795515.png&w=567)
New Delhi, Oct 20 : Union Finance Minister Nirmala Sitharaman said on Friday that her Ministry is looking at ways to reduce the overall level of government debt so that future generations do not have to bear the burden.
"We are conscious of the debt of the Government of India today. Compared to many other countries it might not be as high. But even there, we are consciously looking at experiments in different parts of the world," the finance minister said while addressing the Kautilya Economic Conclave.
"We are looking at ways in which we can bring down the overall debt. And I'm sure going to be very successful in that because I'm very much in line to meet India's aspirational requirements, but deal with it with a sense of responsibility so that the coming generations don't feel the burden, that government has left debt on them," she explained. The Finance Minister also said that there was a global consensus on putting in place a system for cryptocurrency regulation. She highliighted India's role in bringing this issue to the forefront during the G20 meeting.
- India's business activity surges to 3-month high in July
- Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity
- Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc
- Centre's fiscal consolidation plan will boost India's credit profile: Global agencies
- Experts clarify new capital gains tax regime for realty sector