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November 29, 2018

Arun Jaitley to present interim budget on 1 February

Finance Minister Arun Jaitley will present the interim Budget for 2019-20 fiscal on 1 February 2019.

The Finance Ministry on Wednesday said “the work for preparation of interim Budget 2019-20 has already commenced and is now gaining momentum”.

It has already sought inputs from different central ministries for the budget speech, which would be the last budget of the current BJP-led NDA government before the 2019 general polls.

Last month, the ministry began the budgetary exercise for 2019-20. During the process, meetings were held with the ministries of steel, power, and housing and urban development, among others, to finalize revised expenditure for the current fiscal and projections for the next financial year.

The ministry will impose quarantine from 3 December, which will bar the entry of media persons into the North Block, the seat of the country’s Finance Ministry, till the date of presentation of the interim Budget by the finance minister in Parliament on 1 February 2019, it said.

This will be the sixth consecutive Budget to be presented by Jaitley.

 

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