Budget 2019 likely to focus on infrastructure creation and job growth
Given that the domestic economy suffered its worst slowdown in five years, it would be a big challenge for the 59-year-old JNU alumnus, Sitharaman, to address slowing economy, financial sector troubles, job creation, private investments, exports revival, agrarian crisis
- Jun 4, 2019,
- Updated Jun 4, 2019 9:46 PM IST
With just 30 days left for the Union Budget 2019, Modi 2.0 government gets down to prepare its first Budget for FY20, with individual ministries preparing their wish list, which will be considered by the finance ministry. The newly appointed Finance Minister Nirmala Sitharaman will present her first Union Budget on July 5, according to official statement released by the government on Friday.
The North Block, which houses the finance ministry, will be in 'quarantine' from Monday until the presentation of the Budget to keep the whole Budget a secret exercise. Work has already begun in this regard.
Now that Narendra Modi is back as the prime minister for the second time after the landslide victory in the 2019 Lok Sabha Elections, the government is expected to roll-out bolder reforms. The Budget 2019 will pave the way forward for the Bharatiya Janata Party (BJP) to deliver on unfulfilled promises and tackle complicated economic issues. Infrastructure creation and job growth will grab limelight in the upcoming budget, sources within the ministry told India Today. The government will also focus on the simplification of direct taxes and increasing compliance.
With just 30 days left for the Union Budget 2019, Modi 2.0 government gets down to prepare its first Budget for FY20, with individual ministries preparing their wish list, which will be considered by the finance ministry. The newly appointed Finance Minister Nirmala Sitharaman will present her first Union Budget on July 5, according to official statement released by the government on Friday.
The North Block, which houses the finance ministry, will be in 'quarantine' from Monday until the presentation of the Budget to keep the whole Budget a secret exercise. Work has already begun in this regard.
Now that Narendra Modi is back as the prime minister for the second time after the landslide victory in the 2019 Lok Sabha Elections, the government is expected to roll-out bolder reforms. The Budget 2019 will pave the way forward for the Bharatiya Janata Party (BJP) to deliver on unfulfilled promises and tackle complicated economic issues. Infrastructure creation and job growth will grab limelight in the upcoming budget, sources within the ministry told India Today. The government will also focus on the simplification of direct taxes and increasing compliance.