News Brief

'Mismanagement Of Those Years': FM Sitharaman Says Government To Present 'White Paper' On Pre-2014 Economic Crisis

Kuldeep Negi

Feb 01, 2024, 01:27 PM | Updated 01:29 PM IST

FM Sitharaman
FM Sitharaman

The government will present a White Paper in the Parliament on the economic crisis in the country before 2014, Union Finance Minister Nirmala Sitharaman said on Thursday (1 February).

In her budget speech in the Parliament, Sitharaman highlighted that after assuming power in 2014, the Prime Minister Narendra Modi led central government had the enormous responsibility of not only mending the economy that it inherited from the previous UPA government, but also reforming the governance systems.

Also Read: Budget 2024: 40,000 Rail Bogeys Set For Vande Bharat Upgrade And Three Key Railway Corridor Projects In Pipeline

"In 2014 when our Government assumed the reins, the responsibility to mend the economy step by step and to put the governance systems in order was enormous," the Finance Minister said.

"The need of the hour was to give hope to the people, to attract investments, and to build support for the much-needed reforms. The Government did that successfully following our strong belief of ‘nation-first’," she added.

"The crisis of those years has been overcome, and the economy has been put firmly on a high sustainable growth path with all-round development," the Finance Minister said.

"It is now appropriate to look at where we were then till 2014 and where we are now, only for the purpose of drawing lessons from the mismanagement of those years. The Government will lay a White Paper on table of the House," she added.

The Finance Minister further said that the "exemplary track record of governance, development and performance, effective delivery, and ‘Jan Kalyan’ has given the government trust, confidence and blessings of the people to realize, whatever it takes, the goal of ‘Viksit Bharat’ with good intentions, true dedication and hard work in the coming years and decades".

Also Read: 'In The Full Budget In July, Our Government..': Finance Minister Projects Confidence Of Victory In 2024 Lok Sabha Elections

Kuldeep is Senior Editor (Newsroom) at Swarajya. He tweets at @kaydnegi.

Get Swarajya in your inbox.