‘Not a single penny from taxpayers’, FM on stimulus fund

TIL Desk/National/New Delhi/ Finance Minister Nirmala Sitharaman on Friday said the entire fiscal stimulus announced by the government would be funded by borrowings and revenues, and taxpayers will not be charged even a single penny.

“I am not expecting the stimulus to be funded by taxpayers. Not a rupee from the taxpayer. The entire amount …. is shown as revenue and borrowings.

“The government is borrowing to spend, but it is not taking from people,” she said while interacting with journalists at the IWPC (Indian Women’s Press Corps).

The Aatmanirbhar Bharat package announced by the government in 2020 to perk up the economy was estimated to be about Rs 27.1 lakh crore, which amounts to more than 13 per cent of GDP. This also includes liquidity measures announced by the RBI.