No plan to cut spending on welfare schemes despite low revenues, says FM

FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Friday said no welfare schemes will be curtailed despite low revenues and she expected GST numbers for November to be "good".

She said that the government has no plans to cut spending on welfare schemes and will encourage all the departments of the Union government to spend entire funds provided in the Budget.

The minister said she expected November GST collection to be "good". GST revenues stood at Rs 95,380 crore in October.

"Welfare schemes will be there. I have started doing the Budget exercise. On fiscal deficit or position I will be able to talk when Revised Estimates are complete. I will do nothing... not disturb the welfare schemes," she said.

The government has high expenditures on such welfare schemes which are aimed at poorer sections and agriculture -- the MNREGS, PM Kisan Samman, and others.

The government has so far mopped up Rs 6 trillion or less than 50 per cent of the total tax collection target of Rs 13.35 trillion for the current fiscal and efforts are being made to achieve the target set in the Budget, Central Board of Direct Taxes Chairman P.C. Mody said on Thursday.

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