How can the government improve the quality of spending and reduce fiscal deficit according to the Finance Ministry report
Examine the strategies outlined in the Finance Ministry report to enhance spending quality and reduce fiscal deficit in the upcoming fiscal year.
The Finance Ministry report suggests the following strategies to enhance spending quality and reduce the fiscal deficit in the upcoming fiscal year:
- Implementing strict expenditure controls to curb unnecessary spending.
- Improving revenue collection through enhanced tax compliance measures and effective enforcement.
- Focusing on efficient allocation of resources to priority sectors to maximize impact.
- Enhancing transparency and accountability in public spending to prevent leakages and corruption.
- Exploring opportunities for cost-saving measures without compromising essential services.
- Encouraging public-private partnerships to leverage resources and expertise for infrastructure development.
- Continuously monitoring and evaluating spending patterns to identify areas for improvement and optimization.
- Promoting economic growth and job creation to increase revenue generation and reduce dependency on borrowing.
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4 months ago