Union Budget 2024 Date, Time Highlights: With the new government sworn in, all eyes are now on the full Budget for FY25. Whar are the possible dates for Finance Minister Nirmala Sitharaman’s Budget presentation? Well, reports indicate that the Budget may be presented towards the end of July with the commencement of the Monsoon Session of the Parliament.
Pre-budget consultations, starting June 18 and lasting seven to ten days, will influence the final schedule. Depending on when these consultations finish, the budget is expected to be tabled towards the end of July, closer to the third week. The probable dates for Budget presentation vary from July 15 – 22 .
Union Budget 2024 Date and Time Live Updates: Follow real-time updates here on Budget FY25 Expected Date, FM Nirmala Sitharaman’s speech, Budget expectations, and much more.
Nirmala Sitharaman, who served as a Union Minister in the Modi cabinets of 2014 and 2019, was sworn in again as a Union Cabinet Minister in Prime Minister Narendra Modi‘s new government this year. The oath-taking ceremony took place in the forecourt of Rashtrapati Bhavan.
In the interim budget presented in February, the government emphasized economic policies aimed at promoting growth, fostering inclusive development, enhancing productivity, and creating opportunities for all segments of society. Special attention was pledged to the eastern region, encompassing Bihar, Jharkhand, Chhattisgarh, Odisha, and West Bengal, with the objective of transforming them into pillars of growth as part of India‘s aspiration to become a developed nation by 2047.
Following the election results, Finance Minister Nirmala Sitharaman will present her seventh consecutive budget. This upcoming budget will encompass the entire fiscal year 2024-25.
An Interim Budget is typically presented by a government in transition or its final year before general elections. Its purpose is to maintain continuity in government spending and essential services until the new administration can introduce a comprehensive budget after assuming office.
Reports suggest that the Union Budget for the fiscal year 2024-25 is expected to be presented in Parliament by the third week of July. Earlier, on February 1, Finance Minister Nirmala Sitharaman had introduced the interim budget for 2024-2025 in Parliament, necessitated by the election year
Finance Minister Nirmala Sitharaman has told officials to start working on the budget. Starting early will help create a well-organized budget that addresses the country’s economic needs and challenges. The team’s efforts are expected to lead to a strong and strategic financial plan for the next year.
Preparation for the Union Budget 2024-25 kicked off in Delhi this week on Thursday. Finance Minister Nirmala Sitharaman has instructed officials to start the budget formulation process, stressing the importance of detailed planning and thorough analysis.
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