Finance Minister Nirmala Sitharaman has stated that the government is focused on reducing its debt burden and has been practicing responsible spending to avoid burdening future generations. The aim is to bring down the fiscal deficit to 4.5% of GDP by FY26. Sitharaman also emphasized the need for reforming multilateral institutions in order to effectively address global challenges. The government has been cautious of its debt levels and is exploring strategies to reduce it. The Jan-Dhan Yojana has played a crucial role in promoting financial inclusion in the country.
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