New Delhi.02.06.2024: Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2024 for FY2025 on July 23 or 24, coinciding with the commencement of the Monsoon Session of Parliament on July 22. The Budget presentation, eagerly anticipated by various sectors, comes amidst a backdrop of economic expectations and legislative sessions. The first session of the 18th Lok Sabha began on June 24, with Om Birla re-elected as Lok Sabha Speaker on June 26.
Budget 2024 Expectations and Preparations
Moving closer to the Budget date, stakeholders including industries, economists, and the public are keenly awaiting announcements that could shape fiscal policies for the upcoming financial year. The Monsoon Session, scheduled to run until August 9, is poised to address key economic reforms and legislative priorities alongside the Budget deliberations.
The upcoming budget session follows Finance Minister Nirmala Sitharaman’s recent oversight of the 53rd GST Council meeting on June 22. Discussions during this meeting centered on refining GST applicability across goods and services, proposing adjustments to tax rates, and reviewing service exemptions within the GST framework.
