Addressing the state finance ministers, as a part of the
pre-budget consultations, Jaitley said, “My government is committed to evolving
a model of national development, which is driven by the states and we intend to
extend necessary flexibility to states in achieving this. I urge the states to
be fiscally responsible with this greater devolution of power.
Inter-generational equity must be kept in view while deciding today’s spending.
I appreciate the fact that most of states have been conforming to the fiscal
responsibility and budgetary management targets. We must carry this forward.”
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