Focus On Reforms In Budget: Jaswant

New Delhi, October 22: | Updated: Oct 23 2002, 05:30am hrs
Finance minister Jaswant Singh on Tuesday virtually laid the roadmap for the next Budget saying he would give topmost priority to economic reforms including taxation in a bid to push up growth and contain fiscal deficit.

Revival of capital market by removing weaknesses, containing fiscal deficit, revival of manufacturing sector, tax reforms and pushing capital investment in agriculture would get topmost priority, Mr Singh said asserting reforms would be given new thrust through continuity in policy.

We are very clear in our mind, we must enhance production, increase GDP, put more money in citizens pockets and housewives purse, he said adding none of this was possible without reforms.

Reforms is synonymous with growth. There is no ambiguity in this. Growth through reforms is governments priority, Mr Singh told Doordarshan when asked what would be his priority in the remaining two years of the NDA government.

Unlike in the past, Mr Singh said the Budget-making would be transparent including taxation proposals, barring a few of them, and the recommendations of task forces on direct and indirect taxes would be put on internet to elicit views from public and experts.