FM Nirmala Sitharaman, chairs the Pre-Budget Consultation with State Finance Ministers

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Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, presided over today’s pre-budget meetings with the Finance Ministers of States and Union Territories (with the Legislature) for the Union Budget 2022-23.

Union Minister of State for Finance, Chief Ministers, Deputy Chief Ministers, Finance Ministers, Ministers and Senior Officers from the States and Union Territories (with Legislature), as well as the Union Government, attended the meeting.

The Union Finance Secretary greeted all of the attendees and explained the significance of this specific consultation meeting. The majority of the participants expressed gratitude to the Union Finance Minister for assisting their States/Union Territories financially during the worst months of the pandemic by increasing borrowing limits, providing back-to-back loans to States, and providing Special Assistance for capital expenditure.

The participants also provided the Union Finance Minister with a number of proposals for inclusion in the Budget Speech. The Finance Minister thanked the participants for their contributions and suggestions for the Union Budget 2022-23, promising to look into each one.

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