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Finance Minister Nirmala Sitharaman said that the Modi government has reshaped the Union budget in the last 10 years from a mere record of expenditure to a strategic blueprint for equitable distribution, and stressed that the pace of reforms will continue to make India a developed nation. She said the government will continue to maximise the value and impact of hard-earned taxpayer money, ensuring it is put to the best possible use for the benefit of all. 

The minister said the Modi government has prioritised transparency in its budgeting practices and numbers. Countries with transparent budgets are often viewed favourably by international bodies such as the IMF and the World Bank. This can lead to improved global trust. She said the last decade has witnessed a substantial improvement in the sanctity and credibility of the Union Budget, leaving past constraints and archaic practices behind.

Sitharaman said ‘our government has reshaped the budget from a mere record of expenditures into a strategic blueprint for equitable development. We make judicious & efficient use of every rupee collected from our taxpayers and give them a transparent picture of public finances.’ She said the government has taken various reforms to strengthen and bring transparency to the budgetary process and practice. She noted that the Union budgets under the Modi government are characterised by fiscal prudence, transparency, and inclusiveness, ensuring investments in social development and infrastructure. She added that the Modi government is committed to harnessing cutting-edge technology, enhancing transparency, and pursuing ongoing reforms to lay a strong foundation for a Viksit Bharat.