Finance Minister Nirmala Sitharaman is set to present the complete budget of the Modi 3.0 administration for 2024-25. The Interim Budget was presented in Parliament on February 1. This feat will establish her as the first finance minister of India to present seven consecutive Union Budgets, surpassing Morarji Desai's previous record of six.
The Parliament's Budget Session is set to take place from July 22 to August 12.
Announcing the date on X (formerly Twitter), Minister of Parliamentary Affairs Kiren Rijiju said, "Hon’ble President of India, on the recommendation of Government of India, has approved the proposal for summoning of both the Houses of Parliament for the Budget Session, 2024 from July 22, 2024 to August 12, 2024 (Subject to exigencies of Parliamentary Business). Union Budget, 2024-25 will be presented in Lok Sabha on July 23, 2024."
Morarji Desai, who served as India's finance minister from 1959 to 1964, previously held the record with five full Budgets and one interim Budget. He maintained the record for the highest number of budgets presented by any finance minister for over fifty years.
Ahead of her upcoming presentation on July 23, FM Sitharaman has concluded consultations with industry and social sector representatives, as announced by the Finance Ministry on Sunday.
The upcoming budget aims to revive sluggish consumption through potential adjustments in indirect tax rates.
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