Union Finance Minister Nirmala Sitharaman will present the Central government’s Budget for the years 2022-2023 in Parliament at 11 a.m. today, amid high expectations for the Union Budget.
Soon after the Lower House convenes at 11 a.m., the Budget will be delivered in the Lok Sabha.
Sitharaman will provide a statement of the Government of India’s expected receipts and expenditures for the fiscal year 2022-23.
The Finance Minister will submit the Budget in the Rajya Sabha an hour after the Union Budget is presented in the Lok Sabha, which is a summary (in English and Hindi) of the Government’s expected receipts and expenditure for the fiscal year 2022-23.
Under section 3 (1) of the Fiscal Responsibility and Budget Management Act, 2003, the Minister will also table a copy of the Medium-Term Fiscal Policy, Fiscal Policy Strategy Statement, and Macro-Economic Framework Statement (in English and Hindi).
Pankaj Chaudhary, Union Minister of State for Finance, said on Tuesday that Finance Minister Nirmala Sitharaman will propose an inclusive budget that addresses the requirements of all sectors.
In a press conference, Chaudhary said, “Finance Minister Nirmala Sitharaman will submit an inclusive budget that addresses the requirements of all sectors. Everyone will gain from it. From today’s budget, all sectors (including farmers) should have high expectations.”
Aside from healthcare, education, industry, and infrastructure spending, the Budget will have an impact on a number of platforms.