Union Budget 2024 Date and Time Revealed: Your FAQs Answered

As the Indian government prepares to unveil the final 2024 budget in July, industry leaders are looking forward to significant advancements. This budget marks the first annual budget under the Modi 3.0 Cabinet, drawing significant attention to how the government will balance innovative projects and financial stability.

Ahead of the budget, major industry players are anticipating a host of developments, including increased emphasis on infrastructure development, funding for digital infrastructure, relief from regulatory constraints, support for the MSME sector, and improvements to educational infrastructure, amongst others.

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It is anticipated that the Union Budget for this fiscal year, which includes the government's predicted revenue and expenses across multiple sectors, will be presented in Parliament the next month, most likely on July 23 or 24, following the start of the Monsoon Session of Parliament. The Monsoon Session is set to begin on July 22 and will last until August 9.

Frequently asked questions concerning budget 2024

Q: When can we expect the full budget for 2024 to be released?

A: The budget for 2024-2025 is anticipated to be presented in late July 2024. The exact date and time have not yet been announced.

Q. When is President Droupadi Murmu scheduled to address both houses during the budget session?

A: On June 27th, President Droupadi Murmu will address a joint sitting of the Lok Sabha and the Rajya Sabha.

Q. How the interim budget is different from the full budget?

A: An interim budget is a temporary financial plan that covers expenses for a short period, typically until a new government takes over. With the fiscal year ending on March 31, 2024, and a new government starting in early June, the interim budget kept things running smoothly during this transition. Now that the new government is in place, a complete budget for the rest of the fiscal year is expected in July.

Q. What is the schedule for the start and end of the Parliamentary Budget Sessions?

A: The swearing in and affirmation of newly elected members will wrap up the first session of the 18th Lok Sabha on July 3.