Lok Sabha passes Finance Bill, completes exercise for interim Budget passage

The Finance Bill, 2024, does not propose any change in the tax structure as the final budget will be tabled in July after the new government assumes office post the general elections in April-May.

The Bill was moved in the Lower House on Tuesday. PTI

The Lower House of the Parliament on Wednesday passed the Finance Bill moved by Union Finance Minister Nirmala Sitharaman on Tuesday. With this, it completed the exercise for passage of the interim Budget for the upcoming financial year.

The Finance Bill, 2024, does not propose any change in the tax structure as the final budget will be tabled in July after the new government assumes office post the general elections in April-May.

“We have focused on development despite presenting an interim budget ahead of elections, Minister of State for Finance Pankaj Chaudhary said, replying to a discussion on the Bill.

Also Read | Interim Budget 2024: Concerns over GDP, spending cuts; fiscal deficit is bright spot

Earlier in the day, the Lok Sabha approved the Rs 47.66-lakh crore interim Budget 2024-25 and the second batch of supplementary demands for grants.

With inputs from PTI

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