Presentation of Union Budget being advanced by about a month: PM Modi

Zee Media Bureau

New Delhi: Prime Minister Narendra Modi on Wednesday said that the presentation of Union Budget is being advanced by about a month to ensure speedier implementation of projects and schemes.

PM also urged states to align their plans with Budget advancement being done by Central government so that they could take maximum advantage.

Having decided to advance the Budget presentation by a month, the government took the line that it should not be presented in the middle of Assembly poll in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.

The Cabinet on September 21 had in-principle decided to end the colonial-era tradition of presenting the Union Budget on last day of February and advance it by about a month to help complete the legislative approval for annual spending plans and tax proposals before beginning of the new financial year on April 1.