Union Budget 2024 / What is Economic Survey, why is it presented before the budget?

Union Budget 2024: Finance Minister Nirmala Sitharaman is going to present the Economic Survey today before the budget. There has been a tradition of presenting the Economic Survey before the budget. This survey is seen as the report card of the government. Through this report, the government reviews its work of the last one year and prepares the plan for the future. Let us know why it is presented before the budget and also know its importance.

What is Economic Survey?

The Economic Survey or Economic Survey is presented a day before the presentation of the budget in Parliament. It is the main basis of the budget and it presents a complete picture of the economy and is prepared on the basis of review of the previous financial year. Through this, the government tells about the latest state of the country's economy. It includes all the information like development trend in a year, how much income was earned from which sector, how which schemes were implemented in which sector.

Why is Economic Survey important?

Through the Economic Survey, the government presents a better picture of the economic condition of the country. It contains important information about the work of the last one year, employment, GDP figures, budget deficit and inflation. Through this, the survey is prepared by the Chief Economic Advisor of the country.

These information are included

The Economic Survey is an annual document of the Finance Ministry. It contains an account of the country's economic development. This survey shows where the country has benefited and where it has suffered losses. On the basis of this survey, it is decided what kind of possibilities will be seen in the economy in the coming year.

Who prepares the survey report?

The Economic Survey Report is prepared by the Economics Division of Economic Affairs of the Finance Ministry. It is mainly prepared under the supervision of the Chief Economic Advisor. This year this economic survey has been prepared by the team led by Chief Economic Advisor V Anant Nageshwaran.

These information are available

• 1. The economic survey reveals the true picture of the country's economy. Through this, the government presents the figures of inflation to unemployment of the country in front of the people.
• 2. This gives the common people an idea about the government's future policy and roadmap.
• 3. The economic survey also gives information about the performance of different sectors and the level of development the country has achieved on the front of investment and savings.