Finance Minister Arun Jaitley on Thursday assured that the government will keep up pace on reforms but said he doesn't want to build expectations in the run up to the Budget.

"This is expected to enhance ease of doing business and improve growth," ICICI Bank's MD and CEO told PTI in an interview.

The government wants to reduce its subsidy bill, estimated at nearly 2 per cent of its gross domestic product, to cut down state expenditure and transfer funds to other sectors, Finance Minister Arun Jaitley said at Davos.