2013 Union budget of India

The 2013 Union Budget of India, presented by Finance Minister P. Chidambaram on February 28, 2013, aimed to address pressing economic challenges while promoting growth and fiscal consolidation. This budget was delivered against a backdrop of slowing economic momentum and rising inflation, signaling a need for reforms to enhance investment and employment. Key allocations included increased funding for infrastructure, education, and health sectors, reflecting the government’s focus on social welfare. The budget also introduced measures to improve tax compliance and broaden the tax base. Additionally, it highlighted the government’s commitment to maintaining a fiscal deficit target amidst global economic uncertainties, paving the way for enhanced economic stability and growth.