Budget on 1 Feb; No Announcements for Poll-Bound States

Over objections by the opposition, the govt will present the Budget for 2016-17 just hours before states go to polls

1 min read
Finance Minister Arun Jaitley. (Photo Courtesy: <i>PTI</i>)

Sweeping aside objections raised by opposition parties, the government will present the Union Budget 2017-18 on 1 February but will refrain from making any announcements pertaining to poll-bound states.

The government has, before the Election Commission, vehemently defended its move to advance Budget presentation by a month. It said that it had made its intentions clear on this, way back in September 2016, to help begin the investment cycle right from the first day of the new fiscal, 1 April.

"Budget presentation on 1 February is a done deal, we will not make any specific announcement for poll-bound states," a top source said.

Opposition parties including Congress and TMC had approached the Election Commission against Budget presentation just hours before the first of the five states go to poll on 4 February.

But the government stoutly defended the move.

The source said that in view of the model code of conduct, the budget will not make any announcement related to the poll-bound states of Punjab, Uttar Pradesh, Uttarakhand, Goa and Manipur.

According to the scheme drawn, the first part of the Budget Session of Parliament will start on 31 January, with President Pranab Mukherjee's address and tabling of the Economic Survey, which sets the scene for Finance Minister Arun Jaitley's fourth annual budget.

The Budget will be presented the next day.

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