Budget 2024: Union Budget likely to be presented around July 23-24 – Read to know more
Finance Minister Nirmala Sitharaman is likely to present the Union Budget for FY25 on July 23 or 24, sources have told FinancialExpress.com. However, there is no official statement yet on the date of the presentation of the annual budget. With the National Democratic Alliance (NDA), led by Prime Minister Narendra Modi, securing a third term at the Centre after the general elections, all eyes are now on the upcoming Union Budget. The Budget will be presented with the commencement of the Monsoon Session of the Parliament. Per sources, the Monsoon Session is likely to begin on July 22 and will continue till August 9. Meanwhile, the first session of the 18th Lok Sabha, which commenced on June 24, will go on till July 4 and will close sine die as this is a special session.
Earlier on June 22, Nirmala Sitharaman chaired the 53rd GST Council and deliberated on various proposals to streamline GST applicability across goods and services, and the Council made several recommendations to refine tax rates and service exemptions under the GST regime. FM Sitharaman emphasized the Centre’s support to states with timely tax devolution and GST compensation arrears to boost growth. She also highlighted the government’s support through timely tax devolution, Finance Commission grants, and GST compensation arrears to stimulate growth, according to an official statement.
