NEW DELHI: Finance minister Arun Jaitley will present the Union Budget
for 2016-17 on February 29, minister of state for finance Jayant Sinha
said on Thursday.
This would be Arun Jaitley's second full-year Budget.
The finance minister had been holding pre-budget consultations with different stakeholders such as industry, trade unions, and economists since January 4.
The customary pre-budget consultations are considered important as it helps government in formulating policies.
Government has also invited suggestions from the public for 2016-17 Budget in its bid to make the exercise more broad.
The suggestions can be posted here.
Government has already begun budgetary exercise with department of
expenditure holding meetings with officials of other ministries and
departments.
The meetings were aimed at firming up Budget estimates for 2016-17 for plan and non-Plan expenses.
Jaitley in his second budget, third if the interim presentation of 2014 is counted, is likely to focus on steps to accelerate economic growth that seems to have stagnated in 7-7.5 per cent range amid global slowdown.
The finance minister's budget team comprises minister of state for finance Jayant Sinha, chief economic advisor Arvind Subramanian and NITI Aayog vice chairman Arvind Panagariya.
The official team is led by finance secretary Ratan Watal, DEA secretary Shaktikanta Das, revenue secretary Hasmukh
This would be Arun Jaitley's second full-year Budget.
The finance minister had been holding pre-budget consultations with different stakeholders such as industry, trade unions, and economists since January 4.
The customary pre-budget consultations are considered important as it helps government in formulating policies.
Government has also invited suggestions from the public for 2016-17 Budget in its bid to make the exercise more broad.
The suggestions can be posted here.
The meetings were aimed at firming up Budget estimates for 2016-17 for plan and non-Plan expenses.
Jaitley in his second budget, third if the interim presentation of 2014 is counted, is likely to focus on steps to accelerate economic growth that seems to have stagnated in 7-7.5 per cent range amid global slowdown.
The finance minister's budget team comprises minister of state for finance Jayant Sinha, chief economic advisor Arvind Subramanian and NITI Aayog vice chairman Arvind Panagariya.
The official team is led by finance secretary Ratan Watal, DEA secretary Shaktikanta Das, revenue secretary Hasmukh
