Pre-Budget Consultations for Union Budget 2025-26
The Pre-Budget consultations for the Union Budget 2025-26 have concluded in New Delhi. Chaired by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, these consultations took place over a month-long period, starting on December 6, 2024. This initiative aims to gather insights and suggestions from various stakeholders to shape the upcoming budget effectively.
Engaging Stakeholders in the Budget Process
The consultations involved over 100 invitees from nine different stakeholder groups. These groups included experts from various sectors such as agriculture, education, health, trade unions, and the financial sector. Representatives from farmer associations, MSMEs, and industry also participated. This diverse representation ensures that the budget reflects the needs and aspirations of different segments of society.
During the meetings, participants shared their insights and suggestions on pressing economic issues. The discussions were designed to be interactive, allowing stakeholders to voice their opinions and concerns. Union Minister Smt. Sitharaman expressed her gratitude to all participants for their valuable contributions. She assured them that their suggestions would be carefully examined and considered in the budget preparation process.
The involvement of various sectors highlights the government’s commitment to an inclusive budget-making process. By engaging a wide range of stakeholders, the government aims to create a budget that addresses the needs of all citizens. This collaborative approach is essential for fostering economic growth and ensuring that the benefits of development reach everyone.
Government Officials and Experts in Attendance
The consultations were attended by several key government officials. Union Minister of State for Finance, Shri Pankaj Chaudhary, was present, along with the Finance Secretary, Shri Tuhin Kanta Pandey. Other notable attendees included the Chief Economic Adviser, Dr. V. Anantha Nageswaran, and senior officers from various ministries.
Their presence underscores the importance of these consultations in shaping fiscal policy. The officials listened attentively to the suggestions made by stakeholders. This direct engagement between policymakers and experts is crucial for understanding the complexities of the economy. It allows the government to make informed decisions that can positively impact various sectors.
The discussions also provided an opportunity for officials to clarify government policies and initiatives. This two-way communication fosters transparency and builds trust between the government and the public. It is essential for creating a conducive environment for economic growth and development.
Inviting Citizen Participation through MyGov
Starting January 10, 2025, citizens will have the opportunity to share their suggestions for the Union Budget 2025-26 on the MyGov platform. This initiative encourages public participation in the budget-making process. The government aims to make this process more inclusive, embodying the spirit of ‘Jan Bhagidari,’ which translates to people’s participation.
Citizens can submit their ideas and suggestions through the MyGov website. This platform serves as a bridge between the government and the public, allowing for a more democratic approach to budget formulation. The Ministry of Finance and MyGov are eager to receive innovative and constructive suggestions from citizens across the country. Encouraging citizen involvement is vital for creating a budget that reflects the collective aspirations of the nation. By inviting public input, the government aims to ensure that the budget addresses the real needs of the people. This initiative not only empowers citizens but also enhances the accountability of the government.
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