Panaji: Goa has not resorted to open market borrowings during the first quarter of the current financial year, reflecting the state’s strong fiscal position and prudent financial management, Chief Minister Pramod Sawant said on Monday.
Sawant made the remarks while chairing a high-level finance review meeting attended by the Chief Secretary, Secretaries to the Government, District Collectors, and heads of various departments.
The meeting reviewed the state’s fiscal performance during the current financial year, including the first-quarter financial position, borrowings through the open market and the National Bank for Agriculture and Rural Development (NABARD), implementation of centrally sponsored schemes, functioning of the Goa State CSR Authority, climate-resilient funding projects, and progress of major infrastructure works.
According to an official statement, the chief minister said it was “encouraging” that the state had “not raised funds through open market borrowings during the first quarter of the financial year.”
“This reflects robust fiscal consolidation and prudent financial management,” Sawant said.
The meeting also assessed the implementation of centrally sponsored schemes and new initiatives launched by the Union Government, with an emphasis on ensuring that benefits reach all eligible beneficiaries.
Sawant directed officials to strengthen inter-departmental coordination and undertake regular reviews to ensure the timely execution of government programmes and infrastructure projects.
He also asked departments to work towards achieving 100 per cent saturation of Government of India initiatives in the state so that all eligible citizens receive the intended benefits.
The chief minister stressed the need to improve the efficiency of online public service delivery and asked officials to leverage digital platforms for faster and more transparent citizen-centric governance.
The meeting further reviewed the functioning of the Goa State CSR Authority and the progress of projects being implemented under climate-resilient funding, besides taking stock of major infrastructure projects being executed by the state government.
Sawant instructed officials to closely monitor project implementation to ensure timely completion and effective utilisation of public resources, the statement said.
