Pre Budget consultation meetings conclude, budget to be presented on 23rd July

The Pre-Budget consultations for Union Budget 2024-25 that started from 19th June 2024 onward in the Ministry of Finance and chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, concluded on 5th July 2024.

In the course of the in-person consultations, more than 120 invitees across 10 stakeholder groups, including experts and representatives from farmer associations & agriculture economists; trade unions; education & health sector; employment & skilling; MSME; trade & services; industry; economists; financial sector & capital markets; as well as, infrastructure, energy and urban sector, participated in the meetings.

The full budget for 2024-25 will be presented on July 23. As this is an election year, an interim budget was presented on February 1. This budget is expected to outline the development plan for the next few years. It may place increased emphasis on sectors such as employment, agriculture, and MSMEs. Additionally, measures to boost exports might also be prioritised.