Union Finance Minister Nirmala Sitharaman is set to deliver her third Budget in Lok Sabha at around 11 a.m. on Monday, February 1.
The ninth budget under Modi government is expected to provide relief to the pandemic-hit common man as well as focus more on driving the economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours.
Likely measures include a hike in infrastructure spending and tax cuts to boost the economy, while deferring debt cut plans. The Finance Minister is expected to increase spending by more than 15% year-on-year in 2021-22 with an emphasis on infrastructure and healthcare, reported Reuters, quoting senior officials and advisers involved in budget preparation.
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Budget in accordance with people’s expectations: Anurag Thakur
Budget will be in accordance with people’s expectations, MoS Finance Anurag Thakur told ANI.
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