New Delhi: The Congress party-led United Progressive Alliance (UPA) government is likely to present the first budget of its second stint in the first week of July, a senior minister said on Wednesday.
“The government is considering the presentation of railway budget tentatively on 1 July, tabling the economic survey on 2 July and the budget on 3 July,” said the minister, who did not want to be identified.
The budget session of the 15th Lok Sabha, which met on 1 June for the first time, may begin on 29 June, the minister added.
Raring to go: Finance minister Pranab Mukherjee had earlier said the government will try to complete the entire process by 31 July. Harikrishna Katragadda / Mint
Quoting a senior official it didn’t name, ‘PTI’ news agency reported on Tuesday that railway minister Mamata Banerjee is likely to present the railway budget on 8 July.
The government has already initiated efforts to enlist opposition parties as well as allies to get the budget passed before 31 July, bypassing parliamentary standing committees.
The budget has to be passed before that date because the interim budget, presented by Pranab Mukherjee in February before the 15th Lok Sabha elections, enables the government to spend money only until 31 July.
Parliamentary affairs minister Pawan Kumar Bansal on Tuesday met leader of opposition L.K. Advani, seeking the support of the main Opposition Bharatiya Janata Party (BJP) for doing away with discussions in parliamentary panels.
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“I will try to complete the entire process by 31 July. Of course, I will need the cooperation of other political parties,” Mukherjee had told journalists on 23 May.
According to the rules, the budget has to be discussed in different standing committees that would scrutinize demands for grants by various ministries before they submit a report to Parliament. The process usually takes four to six weeks.
Samajwadi Party (SP) leader Ramgopal Yadav insisted that the budget would have to go through the standing committees.
“The committees have to discuss and report the shortcomings in the budget to Parliament,” he said.
The SP supports the UPA government from outside.