2009 Union budget of India
| Submitted | 6 July 2009 |
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| Submitted by | Pranab Mukherjee |
| Website | indiabudget |
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The 2009 Union budget of India was presented by the Finance minister, Pranab Mukherjee on 6 July 2009.
During 2008–09, the growth rate of GDP of India fell from an average of over 9% in the previous three fiscal years to 6.7%.The wholesale price index of India also witnessed large fluctuations between 13% in August 2008 to 0% in March 2009. The fiscal deficit of Indian government had gone up to 6.1% in March 2009. The budget was preceded by an interim budget by Pranab Mukherjee on 16 Feb 2009.
The total estimated expenditure for 2009–10 was ₹10,20,838 crore, of which ₹6,95,689 crore was towards Non Plan and ₹3,25,149 crore towards Plan expenditure. Total estimated revenue was ₹6,19,842 crore, including revenue receipts of ₹6,14,497 and capital receipts of ₹5345 crores, excluding borrowings. The resulting fiscal deficit was ₹4,00,996 crore while revenue deficit was ₹2,82,735 crore.The gross tax receipts were budgeted at ₹6,41,079 crore and non-tax revenue receipts at ₹1,40,279.
The tax proposals on direct taxes were claimed to be revenue neutral while those on indirect taxes were claimed to yield a net gain of ₹2,000 crore in a year.
Bharatiya Janata Party (BJP) president Rajnath Singh criticised the budget, claiming that the government failed to fulfil the people's expectations. BJP leader Venkaiah Naidu described the Budget as "escapist" and alleged that no steps were taken to attract investment or to provide relief for farmers. Communist Party of India (Marxist) (CPM) leader Brinda Karat termed the Budget as s pro-rich and claimed that there were no major allocations in health, education and food subsidy.Communist Party of India (CPI) leader Gurudas Dasgupta criticised the projected economic growth as 'utopian'. RJD chief Lalu Prasad Yadav described the Budget as balanced but criticised it for not providing funds for reconstruction of Bihar following the floods in Kosi.
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