"I feel concerned about the financial health of the country. The collective fiscal deficit of the centre and states is 9-10% of our national income," he said after launching the LIC Bima Gold policy today.
If the deficit was not contained, "the economic progress of the country could be impaired," the PM said, and asked the state governments to discharge their obligations in this regard and also strive to improve education and health services.
He was also worried about the mounting losses of some state electricity boards, and asked all political parties to devise ways to meet the rising power demand.
"The electricity boards in some states are not working properly. Every year, there is a loss of Rs 25,000-30,000 crore. Power has not reached the rural areas and farmers are not able to make full use of it," PM added.
