The interim budget was declared on Monday, February 16, 2009 for the financial year 2009 -10. The overview of Interim budget is given in following lines.

Interim budget Year 2009-10
- IIFCL to raise Rs 10000 crore, has approval for an additional Rs 30000 crore.
- IIFCL to refinance 60 Percent of their projects.

- Sustained growth at over 9 Percent in last 4 years.

- Exports grew at annual average rate of 26.4 Percent during last 4 years.
- December industrial growth fell 2 Percent (YoY).
- GDP growth of 7.1 Percent made India the second fastest growing economy.

- Main growth drivers - agriculture, services, manufacturing, construction.
- Have taken steps to encourage private investments in infrastructure via PPP.
- Approved 37 infrastructure projects worth Rs 70,000 crore between August 08 and January 09.
- 54 central infrastructure projects of Rs 67700 crore sent for final nod to PPP panel.

- Domestic investment rate over 39 Percent in FY08.
- Outlook for food grain production encouraging for coming year 2009-10.
- Attention given to agriculture sector, plan allocation up 300 Percent in 4 years.
- Government implementing revival agriculture package in 25 states worth Rs 13500 crore.
- Government will continue to provide interest subvention for agriculture in FY10.
- Farm debt waiver of Rs 65,300 crores covering 36 million homes.

- FDI inflow at USD 23.3 billion during April-November 2008.

- Per capita income grew 7.4 Percent during UPA regime.
- Gross domestic savings rate at 37.7 % , gross capital formation at 14.2 Percent.
- Tax to GDP ratio at 12.5 Percent in 2007- 08, close to fiscal correction target.
- FY09 revised estimates of spending at Rs 9 lakh crore vs Rs 7.5 lakh crore.
- FY09 plan expenditure revised to Rs 2.8 lakh crore from Rs 2.4 lakh crore.
- Government revises FY09 fertiliser subsidy to Rs 44863 crore.
- FY09 food subsidy revised to Rs 10960 crore.
- FY09 fiscal deficit seen at 6 Percent of GDP versus estimate of 2.5 Percent.
- FY09 revenue deficit at 4.4 Percent of GDP versus estimate of 1 Percent.

- Annual ad hoc grants have been increased by 50 Percent (YoY).

- Extension of export credit for labour intensive exports.
- Allocation of Rs 40900 crore for Bharat Nirman Scheme.

- FY10 spending seen at Rs 9.53 lakh crore.
- FY10 budgetary support seen at Rs 2.85 lakh crore.
- Rural jobs scheme to get Rs 30100 crore in FY10.
- JNNURM spending seen at Rs 11842 crore for FY10.

- Government to provide interest subsidy to farmers in FY10.
- Outlay on higher education up 900 Percent in 11th 5 year plan.
- Interest subvention for some export loans extended.
- Additional plan expenditure has to increase by 0.5-1 Percent post polls.
- Major subsidy spending for FY10 seen at Rs 95,500 crore.
- FY10 budget revenue deficit seen at 4 Percent , fiscal deficit at 5.5 Percent.
- FY10 gross tax revenue seen at Rs 6.71 lakh crore.
- Allocation of Rs 8,000 crore for mid–day meal scheme.
- Rs 13,100 crore allocated for elementary education.
- FY10 gross market borrowing seen at Rs 3.2- 3.3 lakh crore.
- No tax changes in interim budget.

All efforts made to deliver on commitments.