Budget During Winter – Innovative Budgeting

Thrust on Employment Generation the Biggest Takeaway www.ambitionias.com
  • In order to ensure that money reaches on time, the Prime Minister-appointed secretaries’ panel on “Innovative Budgeting” wants the annual Budget to be unveiled mid-December rather than in February every year.
  • It said that for doing this, the winter session can be reclassified as the Budget session and the President’s speech can be incorporated in the same session.
  • It also proposed to convert the mid-year assessment into an economic survey.