FM likely to start pre-budget consultation next week

Election are over, UPA formed the government and the cabinet expansion went a s well. Now it is the time for the UPA government to back to business. The Finance Minister Pranab Mukherjee will present the Union Budget 2009-10 in the Parliament in the month of July.

The Finance Minister is likely to start the pre-budget consultation with industry body and leaders by next week. The industrialists will have high expectations from the budget as they are going through a tough time of global slowdown.

This time the government might have allocation for industries in the forthcoming budget. The Finance Minister had presented the interim budget 2009-10 in the month of February. And in the full budget 2009-10 the finance minister may keep many options open of the industries. The major concern for would be to check fiscal deficit in the budget.