Union Budget 2023 will be presented by Finance Minister Nirmala Sitharaman today. This year’s Budget holds much significance as this will be the last full Budget before the 2024 general elections. This is the Finance Minister’s fifth Budget presentation since 2019.
Union finance minister Nirmala Sitharaman will have to walk a tight-rope between staying fiscally prudent and general public expectations of lower taxes and a wider social security net.
Today all eyes will be on Union finance minister Nirmala Sitharaman who will present the last full-fledged budget of the second term of Prime Minister Narendra Modi-led government.
Nirmala Sitharaman on Tuesday tabled the Economic Survey for this financial year. It said that India’s economic recovery from the Covid pandemic is complete and the economy is expected to grow in the range of 6 per cent to 6.8 per cent in the coming financial year 2023-24. This is in comparison to 7 per cent this fiscal and 8.7 per cent in 2021-22.
UPDATES:
- Union Cabinet meeting chaired by PM Modi begins at Parliament After the Cabinet approves the Budget 2023, it will be presented in Parliament by FM Sitharaman.
- Prime Minister Narendra Modi arrives at the Parliament.
- Union Ministers Anurag Thakur and G Kishan Reddy arrive at the Parliament.
- Union Home Minister Amit Shah and Defence Minister Rajnath Singh arrive at the Parliament.
- Union Finance Minister Nirmala Sitharaman arrives at the Parliament. A Union Cabinet meeting will be held here at 10 am following which the Finance Minister will present the Union Budget 2023 in the Parliament at 11 am.
- Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, MoS Dr Bhagwat Kishanrao Karad, MoS Pankaj Chaudhary and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget 2023-24.
- Finance Minister Nirmala Sitharaman reaches Rashtrapati Bhavan to call on President Murmu.
- Finance Minister Nirmala Sitharaman all set to present the Union Budget 2023 at 11am today.
