Budget 2024-25: What to Expect from Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman set to present Union Budget on July 23rd

The Ministry of Finance has announced that Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 on Tuesday, July 23rd. The budget will outline the government's fiscal plans for the upcoming year, including spending, taxation, and economic reforms. This highly anticipated event is expected to draw significant attention from economists, businesses, and the general public.

Economic Survey 2023-24: A Glimpse into the Union Budget

In preparation for the budget, Finance Minister Sitharaman presented the Economic Survey 2023-24 on Monday. The survey provides an overview of the Indian economy's performance over the past year and offers insights into potential challenges and opportunities in the future. The survey is widely considered a precursor to the Union Budget and often sets the tone for the government's economic agenda.

Key Expectations from the Union Budget

Experts and analysts anticipate that the Union Budget 2024-25 will focus on several key areas, including:

• Fiscal consolidation: The government is expected to continue its efforts to reduce the fiscal deficit and maintain fiscal discipline.
• Economic growth: The budget is likely to include measures to stimulate economic growth and create employment opportunities.
• Inflation control: The government will need to address the issue of rising inflation and take steps to bring it under control.
• Social welfare: The budget is expected to prioritize social welfare programs and allocate funds for healthcare, education, and rural development.