While presenting the Union Budget 2023-24 in Lok Sabha, Union Finance Minister Nirmala Sitharaman on Wednesday said the Indian economy is on the “right track and heading towards a bright future”.
“Our focus on reforms and sound policies resulting in Jan Bhagidari helped us in trying times, our rising global profile is due to several accomplishments,” she said.
Sitharaman further said that the entire expenditure of about Rs 2 lakh crore under the PM Garib Kalyan Anna Yojana is being borne by the Central government, for supplying free foodgrains for a year to all Antyodaya and priority households.
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The Union Cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday approved the Budget 2023-24 ahead of it being tabled by Finance Minister Nirmala Sitharaman in Parliament.
Before the cabinet meeting, Sitharaman along with Minister of States Pankaj Chaudhary and Bhagwat Karad met President Droupadi Murmu.
“Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman, MoS Dr Bhagwat Kishanrao Karad, MoS Shri Pankaj Chaudhary, and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget 2023-24,” the President tweeted.
This is the fifth Budget presentation by the Union Finance Minister. She will lay a statement of the estimated receipts and expenditures of the government for 2023-24 in Parliament.
The Finance Minister will also lay out statements of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, on medium-term fiscal policy cum fiscal policy strategy and on the macro-economic framework.
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