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Return to Main Page of Budget 2005-2006

Indian Budget 2005-06
Full Text of P. Chidambaram, Minister of Finance, Budget Speech(Feb 28, 2005)


I rise to present the Budget for the year 2005-06.

2. Last year, while presenting the Budget, I had suggested that the vote in Elections 2004 was a vote for change. It was, I believe, a vote in favour of a new leadership; a new Government; new policies; and a new focus on the common citizen who is at the centre of all politics and governance.

3. I reaffirm my belief, and I also declare my conviction that the UPA Government under Prime Minister Dr. Manmohan Singh has charted a new path that is more acceptable to the people of the country and that will bring the greatest good to the greatest number.

4. Before I turn to the business of the day, I wish to record Government’s deep sorrow on the loss of lives, property and livelihood caused by the tsunami tragedy. So far, Government has approved relief packages amounting to Rs.3,644 crore. The Planning Commission, which is coordinating the Tsunami Reconstruction and Rehabilitation Programme, has drawn up a programme at an estimated cost of Rs.10,216 crore. I wish to assure the House, and the affected people, that the Government will provide the necessary funds for the purpose and ensure that every affected family is fully rehabilitated.

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