Budget 2024
expectations: Prime Minister Narendra Modi today said the
Union Budget 2024
to be presented in Parliament tomorrow will further the goal of a ‘
Viksit Bharat
’ by 2047. At the start of the
Parliament’s Budget session
, PM Modi addressed the media and said that India is the fastest growing major economy in the world and has been growing at 8% for some time now.
“Today is the first Monday of Sawan. An important session is starting on this auspicious day. I extend my greetings to the countrymen on the first Monday of Sawan. The monsoon session of Parliament is starting today. Today the whole country is looking at it. This should be a positive session..,” PM Modi said.
“It is a matter of pride that after 60 years, a government has come to power for the third time and will present the first Budget for the third time…I have been giving guarantees to the people of the country and our mission is to bring this to the ground. This Budget is an important budget for Amrit Kaal. Today’s budget will decide the direction for the next 5 years of our term. This budget will also become a strong foundation of our dream of ‘Viksit Bharat’,” PM Modi said.
Also Check | Economic Survey 2024 Live Updates: FM Sitharaman to table Eco Survey; all eyes on Budget 2024 for income tax changes
Finance Minister
Nirmala Sitharaman
will present the first full Budget of the newly elected NDA government on July 23, 2024, that is on the second day of the Parliament’s Budget session. Today she will table the
Economic Survey 2023-24
, an important document prepared under the guidance of the Chief Economic Advisor by the Department of Economic Affairs. The Economic Survey will provide guidance and direction to the Union Budget 2024.
The Modi 3.0 government’s Budget 2024 is expected to continue the government’s focus on record capital expenditure with special emphasis on infrastructure. Experts expect the capex push to not come at the cost of fiscal consolidation. Additionally, experts are also of the view that Budget 2024 may see some income tax relief for the common man, middle class and salaried taxpayers to put more money in their hands.
