Economy

Modi govt confident of second term, prepares for Budget 2019: report

Updated : November 22, 2018 10:26 AM IST

The finance ministry plans to present a full budget on February 1, a government official told the newspaper.

The upcoming Budget will be the last by the present government ahead of general elections in May.

Modi govt confident of second term, prepares for Budget 2019: report

The Modi government has proposed to chart its economic thinking in Budget 2019, aiming to focus on an ambitious expenditure programme and implicitly indicating a second tenure for the government, Mint reported.

The finance ministry plans to present a full budget on February 1, a government official told the newspaper. The upcoming Budget will be the last by the present government ahead of general elections in May.

“We will signal continuity. We cannot dislocate the economy just because of the elections. Wherever there is a gap in expenditure, we will plug it,” the government official told Mint on condition of anonymity.

Sources told the paper that the government would be sticking to the routine and publish the Economic Survey, essentially the economic report card for 2018-19, even though the task is generally left for the next government.

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more