Budget 2024: FM Sitharaman likely to Present Union Budget on July 23-24

Finance Minister Nirmala Sitharaman is anticipated to present the Union Budget for FY25 around July 23 or 24, as per reliable sources. However, the exact date remains unconfirmed. This follows the National Democratic Alliance's (NDA) third consecutive term win under Prime Minister Narendra Modi. The budget's timing coincides with the Monsoon Session of Parliament from July 22 to August 9, making it a significant focus. Sitharaman chaired the 53rd GST Council meeting on June 22, discussing GST reforms and emphasizing timely tax devolution and GST compensation. Since assuming office on June 12, she conducted extensive pre-Budget consultations with economists, industry leaders, and labor associations, focusing on manufacturing, consumption, and tax relief. Having presented the Interim Budget earlier this year, Sitharaman is poised to deliver her record-breaking seventh consecutive Budget. This Budget is pivotal for shaping India's economic trajectory, emphasizing reforms, fiscal discipline, and growth stimulation post-election.