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The upcoming 2024 interim budget statement will not have any major policies and will just be considered a placeholder until the 2024 Lok Sabha polls are conducted and a new government is formed.
Union Finance Minister Nirmala Sitharaman will present the interim budget of FY 2024–25 on February 1, 2024. Interestingly, there is huge excitement and expectation among people and corporate firms with just 8 days left for the Interim Budget of FY 2024–25 presentation in Parliament.
According to sources, Union Finance Minister Sitharaman will deliver her interim budget speech on February 1, 2024. Interestingly, the normal and interim budgets used to be presented at the end of February for the last few years. Meanwhile, the NDA government shifted the year-old tradition of presenting the budget from February 28 to February 1.
With this decision, former Union Finance Minister Arun Jaitley declared in 2017 that the Union Budget would no longer be presented on the final working day of February and said it was the practice during the colonial period. So, the budget presentation date was moved to February 1.
The upcoming 2024 interim budget statement will not have any major policies and will just be considered a placeholder until the 2024 Lok Sabha polls are conducted and a new government is formed. However, an interim budget, which is similar to a full budget, is deliberated and approved in the Lok Sabha.
