New Delhi: The Congress-led UPA government on Saturday said it would try to pass the union budget by 31 July in order to restore growth of the economy which has taken a hit due to the economic slowdown.
“We hope we will be able to pass the full budget by 31 July, cabinet minister P Chidambaram said at a press conference here after the first meeting of the new cabinet.
In case the government is unable to get the budget passed by Parliament by 31 July, he said, it could become necessary to take another vote-on-account for a short period. The vote-on-account, which is approved by Parliament, allows government to spend money from the exchequer only a specified period of time.
Chidambaram also said that the Prime Minister Manmohan Singh had asked the cabinet to focus on the economy. “We have made number of promises and we have promises to keep,” Singh had told the cabinet, said Chidambaram.
The first session of 15th Lok Sabha will be convened from 1 June to 9 June. President Pratibha Patil will address the joint sitting of Parliament on 4June, the day when Rajya Sabha will also commence its session. Manik Rao Gavit would be the pro-term speaker as he is the senior-most member of parliament from the Lok Sabha. However, Pranab Mukherjee of the Congress and L K Advani of the Bharatiya Janata Party are the senior-most parliamentarians in the 15th Lok Sabha, a senior government official concerned said.