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Resource crunch prevented more funds for social sector, infrastructure development: Jaitley

New Delhi: Finance Minister Arun Jaitley today said though he was keen to provide more funds for the social sector and infrastructure development, he could not do so due to financial constraints. Asked what he wanted

PTI [ Updated: February 28, 2015 23:06 IST ]
resource crunch prevented more funds for social sector
resource crunch prevented more funds for social sector infrastructure development jaitley

New Delhi: Finance Minister Arun Jaitley today said though he was keen to provide more funds for the social sector and infrastructure development, he could not do so due to financial constraints.

 

Asked what he wanted in this Union Budget but could not accomplish, he said there was less money that he could allocate for the social sector as well as for infrastructure. “I wanted to allocate an additional Rs 1 lakh crore for infrastructure but for financial constraints,” he said after the budget.

 

Among the major take-aways in the budget for 2015-16, he said higher growth that could usher in buoyancy in the economy, the relaying of architecture of centre-state funds and maintenance of all social sector schemes for por and middle class.

Jaitley also expected a 15 per cent revenue growth this year that will help ease the financial position of government.

The Finance Minister said consolidating on incentivising the savings would also help bring in buoyancy in economy and this is what the budget has tried to achieve.

 

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