Ms. Sitharaman will organize virtual sessions to get input fromrnstakeholders on how to create the budget for 2023u201324.
rnu201cFinance Minister Smt. @nsitharaman will be holding her 1strn#PreBudget2023 consultations with the captains from Industry & expertsrnof #Infrastructure and #ClimateChange in two groups, tomorrow, 21strnNov. 2022, in forenoon and afternoon,u201d the Ministry of Finance said in arntweet.rnThe central government is required to present the Union Budget, India’srnannual financial report, as it offers an estimate of the government’srnincome and expenses on a regular basis. Next year’s budget would bernpresented against the backdrop of the economy’s slow but steadyrnrecovery from the coronavirus disease (Covid-19) pandemic.rnNovember 22, Sitharaman would meet with members from thernfinance industry, the capital markets, and the agricultural andrnagro-processing industries.rnNovember 24, she will meet with experts from the social sector,rnincluding health, education, water, and sanitation, as well asrnrepresentatives of the services industry and trade bodies.rnNovember 28, trade union representatives and economists will meetrnto discuss the pre-budget. The Finance Minister will propose the 2023u2013rn24 budget to Parliament on February 1 during the first half of the budgetrnsession, which usually begins in the last week of January every year.rnParticipants will offer proposals for the budget during this time.Video Courtesy: CNBC TV18rnConsidering that India has committed to becoming a net zero carbonrnemitter by 2070, sources claim that addressing climate change will bernone of the budget-making priorities for 2023u201324.rnThe following year’s budget will need to handle important challengesrnincluding high inflation, boosting demand, job creation, and putting therneconomy back on a sustained growth path of 8 percent or more.rnThe penultimate full budget before the scheduled general elections inrnApril-May 2024, would be the fifth for the Modi 2.0 administrationrnand Sitharaman.
