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SME Times News Bureau | 23 Apr, 2014

The Finance Ministry is gearing up for the presentation of the final Budget 2014-15 sometime in June-July and the actual exercise is likely to commence in two weeks time.

"The Finance Ministry has asked different central government departments to come up with their final demands and submit their estimates. The Budget preparation would start after two weeks," a news agency report quoted sources as saying on Tuesday.

The new government, which is likely to be formed before May-end, will be presenting a regular Budget after completion of the electoral process.

The Final budget will have to be approved by the Parliament before July.

Finance Minister P Chidambaram had presented interim Budget on February 17 and obtained Parliament's approval through Vote on Account to meet essential government expenditure for four months of the current fiscal (April-July).

The new government is expected to come up with the budget proposals for improving investor confidence, containing the fiscal deficit and pruning wasteful expenditure.

 
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