Finance Minister Nirmala Sitharaman to present Union Budget on 5th July,2019

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Finance Minister Nirmala Sitharaman will present the Union budget in the Lok Sabha on 05th July,2019.

KRC TIMES Desk

When India’s first full-time Finance Minister Nirmala Sitharaman presents her maiden Union Budget 2019 on Friday at 11 am in the Parliament, she will also be facing huge challenges ahead with the country staring at the worst unemployment crisis in the past 45 years.

The Finance Minister will also be under pressure to spend more to revive the slowing economy while finding out resources for welfare schemes.

Sitharaman will begin her Budget speech at 11 am. Doordarshan will live telecast Budget 2019 and it will also be available on the Youtube channel.

This is the first Budget to be presented under the Narendra Modi 2.0 government after it was re-elected to power following the 2019 Lok Sabha elections.

Sitharaman, who earlier held the portfolios of commerce and defence ministries in the previous Modi government, will have to find resources for welfare schemes declared by the Narendra Modi government, including Rs 87,000 crore ($12.6 billion) for a new measure to support farmers.

Above all, she will have to do all this while keeping the fiscal deficit below 3.4 percent of Gross Domestic Product (GDP).

People from all walks of life have their expectations from the budget

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