Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman has begun presenting her seventh consecutive Union Budget 2024-25 today (on July 23) during the Budget Session of Parliament. Notably, Sitharaman makes history as the first finance minister to present seven consecutive Budget speeches. She now surpasses former Prime Minister Morarji Desai’s record of six consecutive budgets as finance minister between 1959-64. Notably, this is also the first complete financial budget of the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government in its third consecutive term.
The Budget is an annual financial statement from the centre which outlines its proposed expenditures and revenues for the upcoming fiscal (FY25) — from April 1, 2024 to March 31, 2025. It outlines the government’s achievements of the past financial year and outlines goals and allocations for the financial year ahead. It aims to meet requirements for policies, allocations and plans for the financial year ahead.
The Budget Session of Parliament began on July 22 and Sitharaman tabled the 2024 Economic Survey document a day ahead of the Union Budget due today. The Session is likely to have 16 sittings over 22 days, and is expected to conclude on August 12.
Read the latest news on Budget 2024 with our live coverage on the Income Tax Slab, Impact on Share Market, Budget Key Highlights, Corporate Reactions.
Article souce: livemint.com
