The Economic Times

State borrowings must focus on asset creation, not just revenue expenditure: FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term assets like schools and hospitals, not just revenue expenditure. She stressed that infrastructure development creates lasting economic benefits and jobs. Sitharaman also highlighted the Centre's policy to support medical colleges in every district and called for proposals from Tamil Nadu. She commented on development delays in Andhra Pradesh's Amaravati due to political shifts.