The Union Budget is usually presented by Finance Minister Nirmala Sitharaman every year. However, the budget will be announced twice this year due to Lok Sabha Elections. An interim budget was presented on Feb 1, 2024 and the final budget is yet to be presented, which is to be held on 23rd July. This budget faces the delicate challenge of balancing bold initiatives with fiscal responsibility amidst these economic headwinds.
In this article, we answer a few Frequently asked questions (FAQ) related to budget 2024.
When will the Union Budget 2024 be Presented?
Finance Minister Sitharaman will present the Union Budget 2024 today, i.e. July 23 at 11 a.m. Cleartax will also be live updating the Budget 2024.
When will the Budget Session Start and End?
The Budget Session of Parliament is expected to begin on July 22 and last until August 12, 2024. The first session of the 18th Lok Sabha had commenced on June 25, 2024 and ended on July 4.
What is the Main Focus of Budget 2024?
It is expected that this union budget will focus more on the economic growth by stabilising inflation, agriculture, education, healthcare, and infrastructure.
Click here to learn more about the expectations of Budget 2024.
When will President Murmu Address Parliament?
President Droupadi Murmu has officially approved the Budget 2024 to be held on 23rd July 2024. She has announced the budget session to begin from July 22 and extend till August 12th, 2024.
What is a "Union Budget"?
A union budget is also known as an annual financial statement, it is an estimated statement of all the receipts and expenditures of that particular year.
When did the Budget-making Process begin?
The Ministry of Finance started working on the Budget on September 4, 2023.
What is "Fiscal Deficit"?
Fiscal deficit is the difference between a government's revenue and expenditures in a year. It indicates the gap between what the government earns and what it spends.
Stay tuned for further updates on Budget 2024 and its implications for India's economy!
Union Budget 2024 Live Streaming
Read More:
Budget 2024 Expectations
Budget 2024 Highlights
Old vs New Tax Regime
Income Tax Slabs FY 2023-24 & AY 2024-25 (New & Old Regime Tax Rates)
Section 115BAC of Income Tax Act(New tax regime)
