Jaitley asks states to follow path of fiscal discipline
Jaitley asked the State Governments to spend effectively and with in their given resources.
He said that there is more fiscal space available to the States now a days after implementation of the 14th Finance Commission recommendations.
The minister said that now the Centre has no discretion as far as allocation of resources to the States are concerned. He was addressing the 2nd Meeting of State Finance Secretaries here on Monday.
The Finance Minister asked the States to spend more on development of infrastructure, social and rural sector which deserve more attention of the Government today.
Jaitley said that at present, the public expenditure is main driver of growth in view of challenging global situation. He asked the State Governments to spend effectively in such a manner that there is optimum use of resources without leakages.
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