2014 Interim-Union budget of India: Difference between revisions
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Revision as of 00:11, 3 August 2024
2014 Interim-Union budget of India
The 2014 Interim Union Budget of India, presented on February 17, 2014, by then Finance Minister P. Chidambaram, was a critical fiscal plan in the context of the Indian general elections scheduled later that year. This budget aimed to address the economic challenges faced by the country, including a projected fiscal deficit of 4.6% of GDP, and aimed to rejuvenate growth while maintaining fiscal prudence. It proposed increased allocations for sectors such as agriculture, infrastructure, and social welfare. The budget also highlighted the government's intent to curb inflation and enhance tax compliance. As an interim budget, it served primarily to sustain government operations until a new government could introduce a full budget post-election.