Budget 2019: interim budget allocations likely to stay in full budget on July 5

The Finance Ministry has indicated that it will keep the allocations made to ministries and departments in the interim budget when the full budget for the current financial year is presented in the Lok Sabha on July 5, according to a report from New Delhi on June 5.

What the circular says

Ahead of the Lok Sabha election, the ministry presented an interim budget in February that authorised government spending for a limited period. With the new government now in place, Finance Minister Nirmala Sitharaman will present a full-year budget on July 5.

In a circular, the ministry said allocations in the Interim Budget 2019-20 would not be altered. It added that it would consider extra funds only for “unavoidable commitments” not fully provided for in February. Ministries and departments needing such funds may propose them, with proper justification, for inclusion in the regular budget by Friday.

The budget team

Working with Sitharaman are Chief Economic Advisor Krishnamurthy Subramanian and her junior minister, Anurag Singh Thakur. On the official side, Finance Secretary Subhash Chandra Garg heads a team that also includes Revenue Secretary Ajay Bhushan Pandey, Expenditure Secretary Girish Chandra Murmu, Financial Services Secretary Rajiv Kumar and DIPAM Secretary Atanu Chakraborty.

Challenges ahead

The 59-year-old JNU alumna faces a slowing economy, stress in the financial sector such as rising bad loans and a liquidity crunch at non-banking finance companies, as well as job creation, private investment, export revival and farm distress, while needing to raise public investment without abandoning fiscal discipline.

The first session of the seventeenth Lok Sabha is scheduled to run between June 17 and July 26, with the Economic Survey due on July 4, a day before the budget.

See also: Lok Sabha members.

Originally published on 5 June 2019. Rewritten on 9 October 2026.

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