Budget 2024 Highlights
UNION Finance Minister Nirmala Sitharaman presented the Union Budget — the one for the forthcoming financial year (2024-25). Since it’s the last one before the Lok Sabha elections, the Budget is an interim one.
No changes were introduced to tax slabs. Meanwhile, the fiscal deficit target — the gap between the government’s revenue and expenses — for 2024-25 (FY25) was set at 5.1% of the gross domestic product (GDP).
The next ‘full budget’ will be presented in July, once a new government has been sworn in after the Lok Sabha elections.
Budget 2024: Top Highlights from Union Budget 2024-25 by FM Nirmala Sitharaman
