Govt getting ready to present budget on Feb 1: Reports

04/11/2016 16:17

A Government Official has said that Finance Ministry is gearing up to present the Budget for next fiscal around February 1, advancing the scheduled date by a month so as to complete the entire process by March 31, and preparations for it are very much under control.

Commenting on the issue, Economic Affairs Secretary Shaktikanta Das told the media, “There are three major changes that we are undertaking for the next year (Budget). First presentation of Budget is advanced by about a month. We expect Budget to be presented around February 1.”

“The pre-Budget meetings for the current year’s for revised expenditure estimates as well as for the next Budget’s estimates have already started. Revenue Department has also started the pre-budget consultations with the various stakeholders and Finance Minister’s consultation with major stakeholders are also planned to be held in advance,” he added.

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