It is known that the interim budget will be presented on February 1. Finance Minister Nirmala Sitharaman will present this budget. As the budget is coming before the elections, there are many expectations. In this background, let’s see the important things in this budget.
It is reported that the central government is giving a big boost to the technology sector in this budget. It seems that the focus will be on promoting Digital India, green hydrogen and electric vehicles. Let’s see what steps the government will take in this direction.
It seems that food and fertilizer subsidies will be given heavily in this interim budget. It is reported that the Center is planning to allocate 4 trillion for this. These estimates are 10 percent higher than last fiscal year. If the government really implements this decision, the farmers will benefit a lot.
There is a possibility to take steps towards making the dream of owning a home come true in this year’s budget. In this budget, there are indications of increasing government funds by more than 15 percent. Experts estimate that this increase is likely to reach 12 billion dollars.
Seems that steps will be taken to give more impetus to rural agriculture in the budget to be introduced this time. It is estimated that there are opportunities for the government to reduce taxes while focusing on capex. With this, there is a possibility to announce plans to support agriculture and rural areas.
As the budget is coming at the time of elections, it seems that there are opportunities to focus on welfare. As a part of this, it is estimated that there are opportunities for the center to increase spending on welfare. It is reported that the target is to reduce the fiscal deficit to 4.5 percent of GDP by 2025-26.
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