Minister of State for Finance Jayant Sinha has said that the government's fiscal position will not get impacted by the two aspects such as implementation of One Rank One Pension (OROP) and the increase in salary bill due to seventh pay commission. Sinha said that 'I think we are in a very good shape as far as fiscal management is concerned'.
Further, he said that the government's fiscal situation is robust enough to weather the impact from the implementation of the OROP and the Pay Commission recommendations on salary hikes of Central government employees.
The implementation of OROP is likely to cost around of Rs 8,000-10,000 crore for the government this fiscal year. Besides, recommendations of the Seventh Pay Commission are expected to increase the government's salary expenditure of over Rs 1 lakh crore projected for this fiscal year. Recently, the Union finance ministry had said that the Pay Commission would be aware of the government's fiscal issues while making recommendations on salary hike to about 48 lakh Central government employees and 55 lakh pensioners.