States borrowing beyond capacity a concern: FM Sitharaman

Finance minister Nirmala Sitharaman said that the temptation to spend on non-merit goods is very high in some states and borrowing endlessly for such expenditure is a matter of concern for all. “Fiscal soundness of states and for an Atmanirbhar Bharat fiscal strength, the soundness is a very critical component. There are new sources of risks which every state is facing,” she said while delivering a lecture on ‘Cooperative Federalism’ in Thiruvananthapuram.

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