Sawant reviews state’s finances, highlights zero open market borrowing in Q1

    Digital Goa, July 13 – Goa did not resort to any open market borrowings during the first quarter of the current financial year, reflecting prudent financial management and fiscal consolidation claimed CM Pramod Sawant. CM chaired a high-level Finance Review Meeting on Monday.The meeting, attended by the Chief Secretary, Secretaries, Collectors and heads of various departments, reviewed the state’s fiscal performance for 2025-26 and the first quarter of the current financial year, borrowings through the open market and NABARD, implementation of Centrally Sponsored Schemes and newly launched Central schemes, the functioning of the Goa State CSR Authority, projects under Climate Resilient Funding, and the progress of major infrastructure projects. Sawant informed that he has directed officials to strengthen inter-departmental coordination, undertake regular reviews of ongoing projects and schemes, ensure 100 per cent saturation of Government of India initiatives, and enhance the efficiency of online delivery of public services. The review meeting also focused on accelerating the implementation of key infrastructure projects and improving the execution of Centrally Sponsored Schemes across the state.