Finance Minister Nirmala Sitharaman To Present Modi 3.0 Budget On 23rd July

The full Budget for the year 2024-25 will be presented on July 23, with the Parliament session beginning a day earlier, Union Minister Kiren Rijiju announced on Saturday. The Parliamentary Affairs minister said the Budget session will begin on July 22 and is scheduled to end on August 12.

"Hon'ble President of India, on the recommendation of Government of India, has approved the proposal for summoning of both the Houses of Parliament for the Budget Session, 2024 from 22nd July, 2024 to 12 August, 2024 (Subject to exigencies of Parliamentary Business). Union Budget, 2024-25 will be presented in Lok Sabha on 23 July, 2024," the minister posted on X.

Finance Minister Nirmala Sitharaman had presented the interim Budget in February in view of the upcoming Lok Sabha elections. She will be presenting her seventh consecutive Budget, becoming the first finance minister in India's history to do so, surpassing the previous record set by Morarji Desai. This will be the first Budget presented during Narendra Modi's third term as Prime Minister and also the first under him in which the BJP does not have a majority on its own.

The BJP-led National Democratic Aliiance returned to power for the third successive term in June. The inaugural session of Parliament however got off to a rocky start last week with the opposition and government clashing on a range of issues including NEET-UG examination row. The upcoming Budget gains additional significance in light of assertions made by PM Modi about ‘writing new chapters of bold decisions’ during his third term. The interim budget presented in February saw Sitharaman lower the FY25 fiscal deficit target to 5.1% of the GDP. The government had announced no changes in the tax slabs in both old and new regime.