PM Narendra Modi economic advisory panel member Rathin Roy has stated hope that the forthcoming budget will not be a 'populist' and will reflect the seriousness of the government to modify the quality of spending.Rathin Roy said, will come with yet one more fine budget, which will like to be shown on February 1.

"I would not think any populism is permissible. In my opinion, the government will show a responsible budget, which will reflect its spending quality and seriousness."I don't think that the government will use the budget to be populist. I am very confident that political authorities understand this," he said further

Asked what will be the government's reform plan for the next 18 months, Rathin Roy said the BJP government should concentrate on completing the reforms undertaken by it in over the last three years."Many good reforms have been started, they will take time to complete, so rather than embarking on a fresh set of reforms, the focus should be on completing reforms like the Insolvency and Bankruptcy Code, 2016 (IBC), universalisation and deepening of banking etc," Roy, who is also the director of economic think-tank NIPFP, said.

The Narendra Modi-led NDA government came to power in May 2014 and the next general elections are coming in 2019.Asked to comment on the RBI's decision to hold key policy rates, Rathin Roy said that he completely respects the Monetary Policy Committee's decision."We have seen time period when rates of interest came down. It is always good for interest rates to fall further but we have to keep an eye on savings also," the eminent economist noted.