Budget 2024

When Will Middle Class Wishlist From Budget Be Fulfilled Nirmala Sitharaman Answers  EXCLUSIVE
When Will Middle Class' Wishlist From Budget Be Fulfilled? Nirmala Sitharaman Answers | EXCLUSIVE
Nirmala Sitharaman On 10 Years Of UPA Vs 10 Years Of NDA  WATCH
Nirmala Sitharaman On 10 Years Of UPA Vs 10 Years Of NDA | WATCH
Interim Budget Not Presented With Eye On Elections Nirmala Sitharaman  EXCLUSIVE
Interim Budget Not Presented With Eye On Elections: Nirmala Sitharaman | EXCLUSIVE
Whats In Budget 2024 For Green Energy EV Sector Explained In 8 Points
What's In Budget 2024 For Green Energy, EV Sector? Explained In 8 Points
Budget 2024 Households Can Save Up To Rs 18000 A Year Heres Who Can Apply Benefits and More
Budget 2024: Households Can Save Up To Rs 18000 A Year; Here's Who Can Apply, Benefits and More
With Budget 2024 Is The Stage Set For Cheaper Loan EMIs Lower Interest Rates For You
With Budget 2024, Is The Stage Set For Cheaper Loan EMIs, Lower Interest Rates For You?
Budget 2024 7 Key Takeaways For Stock Market Investors From Nirmala Sitharamans Speech
Budget 2024: 7 Key Takeaways For Stock Market Investors From Nirmala Sitharaman's Speech
What Is Inside Budget 2024 For Common Man Here Are 10 Key Announcements From Nirmala Sitharamans Speech
What Is Inside Budget 2024 For Common Man; Here Are 10 Key Announcements From Nirmala Sitharaman’s Speech
Interim Budget 2024 Here Are 5 Key Things Nirmala Sitharaman Announced For Middle Class
Interim Budget 2024: Here Are 5 Key Things Nirmala Sitharaman Announced For Middle Class
UPA Left Devastated Economy We Reshaped And Rebuilt India Rajeev Chandrasekhar On Interim Budget
UPA Left Devastated Economy, We Reshaped And Rebuilt India: Rajeev Chandrasekhar On Interim Budget
This Budget Is About Youth Women And Middle Class Says Union Minister Piyush Goyal
This Budget Is About Youth, Women And Middle Class, Says Union Minister Piyush Goyal
Siddaramaiah Reacts After His Deputys Brother Makes Separatist Provocation
Siddaramaiah Reacts After His Deputy's Brother Makes Separatist Provocation
Budget 2024 Pradhanmantri Suryodaya Yojana Promises Free Electricity For Millions - Details
Budget 2024: Pradhanmantri Suryodaya Yojana Promises Free Electricity For Millions - Details
Finance Minister Nirmala Sitharaman Decodes Budget 2024 In Two Words
Finance Minister Nirmala Sitharaman Decodes Budget 2024 In Two Words
In Nirmala Sitharaman Budget Speech A Mention of Ram Mandir And
In Nirmala Sitharaman Budget Speech, A Mention of Ram Mandir And...
Section 87A Tax Rebate Remains Unchanged Zero Tax liability For Incomes Up To Rs 7 lakh
Section 87A Tax Rebate Remains Unchanged, Zero Tax liability For Incomes Up To Rs 7 lakh
After Presenting Budget 2024 Nirmala Sitharaman Lists 5 Disha Nirdeshak Baatein
After Presenting Budget 2024, Nirmala Sitharaman Lists '5 Disha Nirdeshak Baatein'
Union Interim Budget 2024 Nirmala Sitharaman Says No Change In Standard Deduction Limit For Taxpayers
Union Interim Budget 2024: Nirmala Sitharaman Says No Change In Standard Deduction Limit For Taxpayers
Nirmala Sitharamans Viksit Bharat Budget A Vision For 2047 India
Nirmala Sitharaman's 'Viksit Bharat Budget': A Vision For 2047 India
Budget 2024 Opposition Questions Lack Of Hard Figures In Nirmala Sitharamans Speech
Budget 2024: Opposition Questions Lack Of 'Hard Figures' In Nirmala Sitharaman's Speech
2024 Tax Insights Check Latest Goods And Services GST Slab
2024 Tax Insights: Check Latest Goods And Services GST Slab
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Interim Union Budget 2024

India's Union Budget 2024 holds significant importance as it will be an interim budget presented by finance minister Nirmala Sitharaman ahead of the 2024 Lok Sabha Elections. Scheduled for February 1st at 11 am, this Interim budget marks a critical juncture in India's politico-economic landscape. Addressing challenges and opportunities, it is pivotal for India's trajectory towards becoming a developed economy by 2047 post the pandemic era.


Despite robust GDP growth of 7.6 percent in the second quarter of FY 2023-24, India faces challenges, particularly from global economic uncertainties affecting exports. The finance minister faces the delicate task of balancing fiscal consolidation, targeting a reduction in the fiscal deficit from 5.9 percent to 4.5 percent by 2025-26.

Why An Interim Budget ?

The Modi government will present an Interim Budget due to the 2024 General Elections to be held later this year. An Interim Budget is a temporary measure covering government expenses until a newly elected government can present a full-fledged budget.


No Economic Survey Ahead of Interim Budget

In the case of an interim budget, the traditional practice of presenting the Economic Survey before the Union Budget is altered. Instead, the Economic Survey is typically presented when the full budget is unveiled in July after the new government assumes office.

The History of Union Budget

India's budget history dates back to April 7, 1860, during British colonial rule, when then finance minister of India, James Wilson, presented the budget.

The first Union Budget of Independent India was presented by the first finance minister of Independent India, Sir R.K. Shanmugham Chetty, on November 26, 1947, amid the challenging backdrop of partition. Notably, the budget of 1949-50, presented by then finance minister John Mathai, marked the preparation of a budget for a United India, incorporating all princely states.


Union Budget Lesser-Known Facts

Previously, the Railway Budget was a separate entity until 2017 when it merged into the Union Budget.

Indira Gandhi was the only woman finance minister who was holding the position of Prime Minister while presenting the Union budget.

The budget of 1997-98, was termed the "Dream Budget," as it paved the way for significant economic reforms in India.

Budget Faqs

What is a Union Budget?

The Union Budget is the financial statement of the government, presenting its revenues and expenditures for a specific fiscal year.

What is an Interim Budget?

Why will there be no Economic Survey ahead of Budget 2024?

Who will present the Union Budget 2024?

Who prepares the Union Budget?

When will the Union Budget 2024 be presented in Parliament?

What is fiscal deficit?

What to Expect from Interim Budget 2024?

When will the full Union budget be presented?

What is vote on account?

What is fiscal policy?

What is GDP? How is GDP calculated?

What are indirect taxes?

What is a capital budget?

Which finance minister has delivered the longest budget speech?

Who holds the record for the most number of budget presentations?

When is the budget presented?

What is an expenditure budget?

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