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Govt approves National Budget for 2007-08

30
Jun '07
National Budget 2007-08 was announced on June 7, by the President through an ordinance under section 93 (1) of the constitution.

Sources calim that the fiscal budget is an excellent piece, but were skeptic about its timely and appropriate implementation.

On presenting the proposed budget, the Government sought for suggestions and recommendations from different sectors
However, changes made in proposed budget on account of opinions from various segment is still not known.

Around 127 items, containing industrial raw materials and few essentials will attract nill import duties.

Approved budget were available from Friday afternoon. The Finance Ministry will explain the changes in fiscal measures at a press conference today, sources informed.


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