Preparing for Budget 2025-26: Sitharaman Hosts Fifth Pre-Budget Consultation in Delhi

Partha Sarathi

Published on:

sitharaman holds 5th pre budget meeting

Union Minister for Finance, Nirmala Sitharaman, convened the fifth Pre-Budget Consultation meeting with industry representatives in New Delhi on December 30, 2024. This meeting is part of the preparations for the upcoming Union Budget for the fiscal year 2025-26.

Focus of the Consultation

The primary aim of this consultation was to gather insights and suggestions from key industry leaders to ensure that the forthcoming budget addresses critical economic priorities and sectoral challenges. The meeting included senior officials such as the Finance Secretary, the Secretary of the Department of Investment and Public Asset Management (DIPAM), and secretaries from the Department of Economic Affairs and the Department for Promotion of Industry and Internal Trade (DPIIT). The Chief Economic Adviser to the Government of India also participated, providing valuable economic insights to guide discussions.

For Experts Recommendation Join Now

Previous Meetings and Stakeholder Engagement

This consultation is part of a series of meetings that Sitharaman has been conducting since early December. Earlier meetings included discussions with various stakeholders, including MSMEs, farmers’ associations, economists, and experts from trade and export sectors. The government aims to create a budget that fosters economic growth while addressing the needs of diverse stakeholders.

Upcoming Budget Presentation

The Union Budget for 2025-26 is scheduled to be presented in Parliament on February 1, 2025. This will mark Nirmala Sitharaman’s eighth budget presentation as Finance Minister. The government’s focus will be on key announcements that provide forward-looking economic guidance during Prime Minister Modi’s third term.

Conclusion

As India prepares for its next budget, these pre-budget consultations play a crucial role in shaping policies that promote industrial growth and enhance overall economic stability. With various sectors contributing their perspectives, the upcoming budget is expected to address pressing issues while paving the way for sustainable development.

Disclaimer: The information presented in this article reflects ongoing discussions and preparations related to the Union Budget 2025-26 as of December 30, 2024. For updates on budget announcements and economic policies, please refer to reliable news sources.

Share This ➥
X