Union Budget 2023 was presented by Finance Minister Nirmala Sitharaman today which unveiled one of its biggest jumps in capital spending in the past decade and said the fiscal deficit would fall next year.
The Budget adopted "seven priorities" - inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector - to guide India through the "Amrit Kaal".
Prime Minister Narendra Modi praised the Budget and said that it would lay a strong foundation for building a developed India. The Prime Minister said that the Budget gives priority to the deprived and will fulfill the dreams of the aspirational society, the farmers and middle class.
This year's Budget holds much significance as this is the last full Budget before the 2024 general elections. This is the Finance Minister's fifth Budget presentation since 2019.
