Finance Minister Nirmala Sitharaman has hit back at the party and challenged Rahul Gandhi to answer questions raised by her about the promises made by the opposition party in its manifesto and the performance of Congress-led UPA government.
In a series of long posts on X, Sitharaman said the fiscal management of the BJP-led government has been robust and capital expenditure increased by five times from FY14 to FY24. She accused the Congress of misleading the country on fiscal management and hiding behind lofty promises that are non-transparent and disconnected from reality.
She also compared the debt ratio during the UPA government and BJP-led government led by Prime Minister Narendra Modi.
‘A cross-country comparison reveals that Bharat has fared relatively well and maintains a general government debt ratio below that of FY2003. Bharat had a debt-to-GDP ratio of 81 % in 2022. This is significantly lower than economies like Japan (260.1 per cent), Italy (140.5 pc), the USA (121.3 pc), France (111.8 pc), and the UK (101.9 pc) in the same period.”
She said several countries have faced the risk of sovereign default in recent years.
‘Number of countries facing high debt levels increased from 22 in 2011 to almost 60 in 2022’, said Sitharaman.
Raising questions on Congress manifesto promises, Sithraman asked if the party has considered the cost of the lofty promises made in their manifesto?
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