Prime Minister Narendra Modi-led Union Cabinet has cleared the pre-election budget 2024-25, sources have revealed. With this, Finance Minister Nirmala Sitharaman has started presenting her sixth budget in the Lok Sabha. With this, she has equalled former Prime Minister Morarji Desai’s record. Sitharaman has now surpassed her predecessors such as Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, all of whom had consecutively presented five budgets.
Interim Budget 2024
The Interim Budget for the fiscal year 2024-25 is a vote-on-account. This measure will empower the government to allocate specific funds, allowing expenditures to continue until a new government assumes office following the general elections scheduled for April-May.
(With PTI inputs)