2024 Budget Why this July, in July, Nirmala Sitharaman will release the budget

Nirmala Sitharaman would thus become the first finance minister to introduce seven Union Budgets in a row.The Union Budget 2024 for the fiscal year 2024–25 is anticipated to be presented by Finance Minister Nirmala Sitharaman in the second part of July. By doing this, she will beat Morarji Desai, who presented six consecutive Budgets, to become the first Finance Minister to present seven successive Union Budgets. The most comprehensive report of the central government's finances, the budget estimates the government's revenue and expenditures and includes information on all sources of revenue as well as government-incurred costs.In recent years, February 1 has been the day for the presentation of the Union Budget.

On February 1st of this year, Nirmala Sitharaman presented the Interim Budget for FY24, given that it was an election year. This year's Lok Sabha elections saw the BJP-led National Democratic Alliance (NDA) defeat the opposition's INDIA alliance for the third time in a row. As a result, Nirmala Sitharaman will give the Union Budget in its entirety the following month.The 18th Lok Sabha's first session, which convened on June 24, is now in progress. The session, which ends on July 1, has already seen the swearing-in of new members and a joint sitting of the Rajya Sabha and Lok Sabha on June 27 during which President Droupadi Murmu delivered a speech.