<h1>Finance Minister Urges Deficit Reduction, Aims for 5.3% Fiscal Deficit, Stresses FDI & FII for Capital Inflows.</h1> The Finance Minister emphasized the necessity of maintaining sustainable national debt levels and urged political parties to support efforts in reducing fiscal and current account deficits. He aimed to keep the fiscal deficit at 5.3% despite predictions of 6.1%, focusing on maximizing revenue and controlling expenses. To address the $70.3 billion current account deficit, he highlighted the importance of capital inflows through FDI and FIIs. Committee members discussed fiscal consolidation, debt management, and the importance of maintaining subsidies for the common man. Suggestions included enhancing rural banking services and reviewing Central Sponsored Schemes for efficiency.