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Tuesday, February 27, 2024
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Budget 2022 to be 14 percent bigger than previous years

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The general Budget 2022 will be about 14 percent bigger than the 2001 budget. 

According to some media reports, it has been expected that the budget this year will be bigger in size as compared to previous years. 

Budget 2022 accelerated by Finance Minister 

As per reports, the Finance Minister’s entire emphasis will be on accelerating the economy by increasing spending. 

Budget 2022 to be 14 percent bigger

Finance Minister Nirmala Sitharaman, following which can increase the size of the budget by 14% without thinking much about the fiscal deficit. 

Reportedly, the Finance Minister is expected to pay more attention to raising funds by selling government assets through disinvestment for the budget 2022. 

More about Budget 2022 

As per reports through survey, it has been found that the budget 2021-22 size can be Rs 39.6 lakh crore. 

For the current financial year, the government had presented a budget of Rs 34.83 lakh crore. 

Economists also however believe that the government will use the increased budget to strengthen infrastructure and increase employment. 

Meanwhile, there is also a ray of hope that it would give any relief on tax rates. 

According to reports, it is expected that the government will depend largely on debt in a bid to provide funds to big schemes regarding the infra sector. 

Budget Session begins at 11 AM

Finance minister Nirmala Sitharaman will present Budget 

As per reports, Finance minister Nirmala Sitharaman on 1 February will present the fourth Budget of the Modi government. 

The focus of the Budget is expected to be on further accelerating India’s pace of recovery amidst the pandemic shock. 

Also to level up India’s healthcare system to secure against any future outbreaks. 

Furthermore, this year’s Economic Survey reverts to a single volume plus a separate volume for the Statistical Appendix.

As per reports, common people shouldn’t expect much from the budget 2022.

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