Union Finance Minister Nirmala Sitharaman presented the interim budget on February 1, 2024, as the previous Narendra Modi government went for re-election in the Lok Sabha polls held during April-June. Sitharaman, however,laid out the government’s financial plans and projections for the coming fiscal year.
The budget reflected the government’s priorities and strategies, with key highlights outlined below:
Expenditure
Receipts
GDP growth
Deficits
New schemes and allocations
Tax proposals
Policy highlights
Demography
Formation of a high-powered committee to address population growth and demographic issues.
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While we wait for Union Budget 2024, a look at highlights from Interim Budget