What is Economic Survey: Finance Minister Nirmala Sitharaman will present the Economic Survey report in the House today i.e. on 22nd July. After this, the Chief Economic Advisor will also hold a press conference on this. The Economic Survey is presented a day before the budget.
What is Economic Survey: The country’s Finance Minister Nirmala Sitharaman will present the budget on July 23. The Economic Survey will be presented in Parliament on the first day of the Monsoon Session (Budget Session) starting on July 22. This survey is also called the one-year account of the government. Through this, the roadmap for the next year is prepared by reviewing the economic work of the past year. Let us know what happens in the Economic Survey, why is it important?
What is the Economic Survey, what happens in it?
The Economic Survey is considered to be the main basis of the budget. In this report, the government tells how much income was earned in which sector in the last financial year. Which schemes were implemented, how much was spent on them. This survey also reveals how much inflation and how many unemployed are there in the country. The common people also get ideas for investing and spending from this report. This report also tells what will be the economic outlook of the government for the coming financial year. Apart from this, it also contains information like GDP figures, how much economic deficit and inflation.
Who prepares the Economic Survey Report?
The Economic Survey report is prepared by the Ministry of Finance. This report is prepared by the Economics Division of Economic Affairs of the Finance Ministry. It is prepared under the supervision of the Chief Economic Advisor. At present, V. Anantha Nageswaran is the Chief Economic Advisor, his team has prepared this Economic Survey Report.
When was the Economic Survey first presented?
The Economic Survey was first presented in the year 1950-51. However, in 1964 it was separated from the budget documents. Then the tradition of presenting it a day before the budget started. It is presented in the House by the Finance Minister.
At what time can the Economic Survey be presented today?
Union Finance Minister Nirmala Sitharaman will present the pre-budget document in Parliament on July 22, 2024 (Monday). Media reports have claimed that the Economic Survey Report can be presented on the same day at around 1:00 pm. After this, Chief Economic Advisor V. Anantha Nageswaran will hold a press conference on this report at around 2:30 pm.
