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Our Bureau

New Delhi, Aug. 23

State Finances are significantly improving with adoption of fiscal consolidation and fiscal reforms, the Union Finance Minister, Mr P. Chidambaram, has said. Addressing the meeting of the Parliamentary consultative committee attached to his Ministry to deliberate upon State finances, Mr Chidambaram said that States are now more committed to fiscal prudence and raising revenues. The Finance Minister also emphasised that every generation must learn to live within its own means and not to pass its financial burdens to next generations.

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