Sunday, May 31, 2009

Govt to present budget in first week of July: FM

New Delhi: Finance Minister Pranab Mukherjee said that budget for 2009-10 that will spell out policies and priorities of the new UPA government will be presented in the first week of July.

"I would not like to have a second batch of vote on account... the Budget will be presented in the first week of July," he told a television channel.

The minister further said that the issues and concerns about the economy raised by him in the interim budget, especially with regard to the sectors which are hit badly by the global financial crisis, would be addressed in the budget.

The government is required to get the budget passed by July 31, the date when the vote on account approved by Parliament allowing government to withdraw money from the Consolidated Fund of India expires.

In case the budget is not approved before July 31, the government will have to seek another vote on account.

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