Budget 2024: Nirmala Sitharaman Expected To Table Union Budget On July 23 Or July 24: Report

Finance Minister Nirmala Sitharaman is likely to table the Union Budget for FY25 either on July 23 or July 24, according to report published in FinancialExpress.com. The Union Budget is expected to presented with the beginning of Monsoon Session of Parliament. Meanwhile, Monsoon Session is likely to start on July 22 and continue till August 9, 2024, as per reports. Meanwhile, first session of the 18th Lok Sabha began today and scheduled to go till July 4 and will close sine die as it is a special session.

It is interesting to note that Nirmala Sitharaman is all set to present her seventh consecutive budget. With this, the FM is expected to surpass Morarji Desai's record of presenting six consecutive budgets as India's FM.

"We have held the first pre-budget meeting. Top economists from across the nation attended the meeting and gave their suggestions about the budget," economist Ashwani Mahajan told news agency PTI after attending a meeting with Sitharaman.
Earlier, Reserve Bank of India (RBI) estimated that the Indian economy will grow 7.2% in the current fiscal amid improving rural demand and moderating inflation.

Meanwhile, Sitharaman on Saturday emphasized Centre's support to states via timely tax devolution and GST compensation arrears to stimulate growth.

At the pre-budget meeting with state finance ministers, Sitharaman also nudged states to take benefit of the scheme under which the Centre offers 50-year interest free loan to states for undertaking specified reforms.