Minister of State for Finance Jayant Sinha yesterday said the government will present the Budget for 2016-17 on February 29, which will set a roadmap for the coming three years. "We are working hard on Budget that will be presented on February 29 and that will establish a roadmap for two or three years," he said while addressing India-Korea Business Summit here.
"We have consistently followed a very clear set of economic policies...We have laid out economic principles very well and we are very confident that we will be able to sustain high growth over a long period of time," he said. Finance Minister Arun Jaitley in his second full-year budget is likely to focus on steps to accelerate economic growth that seems to have stagnated in 7-7.5 per cent range amid a global slowdown.
The Finance Minister's Budget team comprises Minister of State for Finance Jayant Sinha, Chief Economic Advisor Arvind Subramanian and NITI Aayog vice chairman Arvind Panagariya.
The official team is led by Finance Secretary Ratan Watal, DEA Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia and Disinvestment Secretary Neeraj Gupta.