FM asks ministries to focus on priority sector schemes

Written by fe Bureaus | New Delhi | Updated: Oct 31 2009, 05:24am hrs
Finance minister Pranab Mukherjee on Thursday asked the financial advisors of different ministries to focus on the governments priority sector schemes and ensure that public expenditure remains within the budgetary limits in order to contain fiscal deficit.

He has (asked) us that we should be careful and ensure that we spend on the priority sector rather than spending on the non-priority sector. Thats the message, Sutanu Behuria, additional secretary and financial advisor in the ministry of commerce and textiles told reporters after the meeting of financial advisors with Mukherjee.

The minister also underlined the need to keep public expenditure within the limits approved in the Budget, he said, adding, the exercise is aimed at checking the government borrowings and containing the fiscal deficit.

The government has pegged the fiscal deficit in the current year at 6.8% of the gross domestic product (GDP), up from 6.2% in 2008-09.

The government would hold a review of the public expenditure in November, he said, adding our job as financial advisor is to control expenditure.