Union Budget 2024: As the first session of the 18th Lok Sabha already commenced on June 24 and later on June 26, with Om Birla, a three-time BJP MP, being re-elected as the Lok Sabha Speaker for a second term, the Monsoon Session of the Parliament is expected to begin on July 22, and the Budget presentation will coincide with this and is likely to continue until August 9.
The Union Budget is a key financial statement of the government’s finances and involves the estimation of revenue and expenditure for the upcoming fiscal year. This year, in 2024, it was announced twice due to Lok Sabha elections, with the interim budget being presented on February 1, 2024, and the union budget yet to be presented in the second half of July.
The BJP’s Nirmala Sitharaman, re-elected for a second consecutive term as the Finance Minister, is expected to present the Union Budget 2024 for the fiscal year 2024–25 in July. This will make her the first finance minister to present seven consecutive Union Budgets, surpassing Morarji Desai, who presented six in a row. Here’s all you need to know.
In recent years, the Union Budget has always been presented on February 1. This year, since 2024 was an election year, two-time Finance Minister Nirmala Sitharaman presented the interim budget for FY 2024–25 on February 1.
As the new BJP-led NDA government has been formed, Sitharaman once again will be presenting the full Union Budget.
The Union Budget for fiscal year 2024-25 will be presented to the Lok Sabha on July 23. The Budget Session of Parliament will be held from July 22 to August 12.
The budget address will be broadcast live on Parliament’s official channels, Sansad TV and Doordarshan, as well as on each channel’s own official YouTube page. The Indian Express’ YouTube account will also stream the budget address.
The Union Budget Web Portal (www.indiabudget.gov.in), which is available in English and Hindi, also provides digital access to the Budget 2024 papers. This contains budget papers such as the yearly financial statement, grant requests, and finance bills specified by the Constitution.