Early budget to offer headstart for project funding during fiscal: PM Modi

Prime Minister Narendra Modi today said advancing the date of budget presentation would help getting funds authorised for different sectors at the start of the financial year.

Addressing economists at Niti Aayog’s meeting on ‘Economic Policy – The Road Ahead’, he said that a change in the budget cycle would have an impact on the real economy.

“The date of budget presentation is being advanced so that expenditure is authorised by the time the new financial year begins,” the Prime Minister said.