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.