Highlighting the growing challenge of inter-generational debt, Finance and Corporate Affairs Minister Nirmala Sitharaman on Wednesday underscored the need for economies to prioritise “debt management and financial security” in the coming decade. She cautioned against placing an excessive financial burden on future generations, calling for sustainable fiscal policies to address the issue.
“Responsible economies can’t be run with borrowings so large that the next generation already knows the pain and liability they are facing. After all they are going to be passed through as taxation to generate that resource to pay back the debt that you have taken”, Sitharaman said at the second edition of the Global Economic Policy Forum…
