The anticipation is high as Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget 2024 for the fiscal year 2024-25 on July 23. This year marks a historic moment as Sitharaman is set to become the first finance minister to present seven consecutive Union Budgets, surpassing Morarji Desai’s record of six in a row. The Budget serves as a crucial estimation of the revenue and expenditure of the Centre, offering a detailed account of the government’s finances.
In recent years, the Union Budget has typically been presented on February 1. However, due to this year being an election year, Sitharaman had presented the Interim Budget for FY24 on the same date. Following the Lok Sabha elections where the BJP-led NDA secured a third consecutive victory, the full Union Budget is now scheduled to be presented next month.
The ongoing maiden session of the 18th Lok Sabha, commencing on June 24 and concluding on July 1, is adding to the backdrop of the upcoming Budget presentation. The session has witnessed various important events, including the oath-taking ceremony of new members and a joint sitting of the Lok Sabha and the Rajya Sabha addressed by President Droupadi Murmu on June 27.
Amidst economic uncertainties and global challenges, the Union Budget 2024 holds significant importance for various sectors and industries in India. Stakeholders across the nation are eagerly waiting to see the government’s fiscal priorities and policy directions for the upcoming financial year. Stay tuned for comprehensive coverage and analysis of the Union Budget presentation on HeadlineFly.com.
