New Delhi: The forthcoming budget in July should factor in the priorities outlined in the President’s Thursday speech, the Prime Minister’s Office (PMO) said in a statement on Friday.
“Prime Minister has asked the finance ministry to ensure that the next Union budget adequately and appropriately reflects the priorities and programmes outlined in the President’s address to the joint session of Parliament,” it said.
Also Read | Edit First 100 days and beyond
On Thursday, President Pratibha Patil said the new government would revive economic growth and help millions of poor with higher spending and expansion of social programmes, despite fears of a growing fiscal gap.
Patil also said the government needs to take steps to encourage foreign investment inflows, list shares of state-run firms and infuse more capital into banks to help boost economic growth, which is at a six-year low.