The union budget is an extremely relevant financial report for all members of the economy – from common citizens and investment analysts to the government itself. Not only does it provide information on the nation’s expenditure and revenue, it also aids in maintaining stability and control over the finances of the government. The budget is a means of providing accountability through financial reporting. India aims to improve the standard of living of its people and eradicate issues such as poverty, illiteracy, and unemployment and the budget helps the government in creating policies and meeting these goals. Citizens can see exactly how much, and on what the government spent in the last fiscal year and how much they plan to spend in the coming financial year. It also helps them plan their personal finances better by knowing how the macroeconomic guidelines intend to change in the coming year.
From women and senior citizens to salaried-class individuals and different industries all have been expecting some relief from the Union Budget 2023. This is Finance Minister Nirmala Sitharaman, and the BJP government’s last full budget ahead of the 2024 general elections. However, this annual document can prove to be a rather complex one to interpret by the masses, since it includes a plethora of economic jargon and analysis.
Therefore, with the budget right around the corner, it becomes essential to break it down in a way that it becomes accessible to everyone and anyone it concerns. Keeping this in mind, The Financial Express has built a separate page dedicated to the union budget – Who Gets What. The page aims to provide extensive coverage of all sectors, including Infrastructure, Railways, Retail/FMCG, Manufacturing, Healthcare/Pharmaceuticals, IT, Telecom, and social service sector.
Prior to the budget release, Who Gets What will cover the expected policies, guidelines and other economic variables as per the forecasts of industry experts and specialists. After the budget is released on 1st February, 2023, FE will cover a thorough analysis of the actual policies as well as their implications on different parts of society. Hence, the page aims to provide the reader with both the expectational forecasts as well as real data- all while being concise and straightforward.