Union Budget sets agenda for continuity to provide tax predictable regime, vision for 25 years: FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on March 7 said the Union Budget for 2022-23, which she had presented, stands for continuity to provide a tax predictable regime and a vision for the next 25 years.

She added that the Budget also makes sure that the country is adequately endowed to celebrate when it attains 100 years of independence.

“This Budget stands more for continuity, to provide a tax predictable regime and also to make sure that we are planning for the next 20 to 25 years. It gives a vision and also some kind of roadmap through which we want to achieve fundamental infrastructure, which will help us to be proud of ourselves,” Ms. Sitharaman said during the Budget outreach programme where she interacted with industry and took their feedback and grievances.

According to Ms. Sitharaman, the Budget brought in a lot of technology and digitisation of the economy.

Underlining that the country is still coming out of the effects of COVID-19 pandemic, the Union Minister said the nation needs to have a support system particularly for health, which is completely stabilised and strengthened.

She also stressed that there was a need for “waking up for the children who have lost out on two years of education and bridging the gaps”.

Ms. Sitharaman pointed out that the Budget is also about making sure that States have a participatory role in whatever the Centre is doing, so that the funds are being shared with them and they can actively engage in infrastructure building as well.