Budget 2024: When will the first budget of Modi 3.0 be presented, the government has told the date, you should also know

New Delhi: The first budget of the third term of the Modi government will be presented on July 23. Parliamentary Affairs Minister Kiren Rijiju gave this information in a tweet. He told that the budget session of Parliament will run from July 22 to August 12. During this, Finance Minister Nirmala Sitharaman will present the budget for 2024-25 on July 23. Rijiju said that on the recommendation of the government, the President has approved the proposal to convene both the Houses of Parliament from July 22, 2024 to August 12, 2024 for the Budget Session, 2024. At the same time, the Union Budget, 2024-25, will be presented in the Lok Sabha on July 23, 2024. Due to being an election year, the budget is being presented twice this year. Earlier, an interim budget was presented on February 1, 2024. Now, after the formation of the government, a full budget will be presented. With the presentation of this budget, a unique record will be registered in the name of Sitharaman.

She will become the first Finance Minister of the country to present seven consecutive Union Budgets. Morarji Desai had the record of presenting six consecutive budgets, which Sitharaman has equaled. In the interim budget presented in February, Sitharaman had set a target of keeping the fiscal deficit at 5.1 percent of GDP in the financial year 2025. The government had increased it by 16.9 percent, emphasizing on capital expenditure in the interim budget. A provision of 11.11 lakh crore was made in this item. The capex of the Road and Highways Ministry was increased by 2.9 percent and that of the Railway Ministry by five percent.

What will be the emphasis

A glimpse of what this budget will be like was found in the address of President Draupadi Murmu. In the joint session of Parliament, he had said that this time many historic steps will be seen in the budget and the pace of reforms will be accelerated. Prime Minister Narendra Modi has given the vision of making the country a developed nation by 2047. It is believed that a glimpse of his policies will be seen in that budget. It is expected that the focus will be on employment and macroeconomic stability.