Economy

Union Budget to be presented on February 1

| Updated on: Nov 15, 2016
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Budget not to impact the demonetisation decision by the government: source

The Union Budget 2017-18 will be presented on February 1.

“We are on track to meet the date. The inter-ministerial discussions for finalising the Revised Budget Estimates have been completed,” said a government source, adding that it will not be impacted by the government decision to scrap Rs 500 and Rs 1,000 notes and replace them with a new Rs 500 and Rs 2,000 notes.

“These are two independent exercises being handled by separate teams of officers,” said the source.

The government has decided to advance the Budget process by a month to ensure that it is completed before the start of the new financial year on April 1.

Published on January 15, 2018

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