Finance Minister Nirmala Sitharaman is all set to present the Interim Budget 2024-2025 on 1 February. This temporary financial statement is framed to tide the government over until a new administration comes to power. One should note that the general elections will take place later in the year.
An Interim Budget is a short-term measure that covers the fiscal year's initial months. It focuses on the government's income and expenditure, allowing it to manage expenses until the new government takes charge post-election.
Here is everything you should note about the upcoming Interim Budget 2024-2025, such as the date, time, and other details. Read till the end to know everything about the Budget session.
Interim Budget 2024-2025: Date and Time
According to the latest details, the Interim Budget 2024-2025 will be presented on 1 February 2024, at 11 am. The Budget 2024 session of Parliament is scheduled to start in the last week of January and end in April.
President Droupadi Murmu will officially begin the Budget session. She will address both Houses of Parliament on the first day.
Interim Budget 2024-2025: Important Details
As the fiscal year concludes on 31 March, and the government transition occurs in late May or June, the interim budget plays an important role in maintaining financial stability during the interim period. The Budget Session of Parliament is expected to start on 31 January.
The Ministry of Finance started its annual budget-making exercise on 4 September 2023, laying the basic work for the upcoming fiscal plans.
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