Budget 2024: How the Indian Union Budget is prepared

Finance Minister Nirmala Sitharaman is expected to table the Union Budget for the fiscal year 2024 in the Parliament on ...

Finance Minister Nirmala Sitharaman is expected to table the Union Budget for the fiscal year 2024 in the Parliament on July 23 or 24.

Earlier an interim budget was presented by Nirmala Sitharaman in February 2024 just before the Lok Sabha elections. After winning the elections third time in a row Modi governemnet is is set to present the the plan in which all the incomes and expenditures of the year 2024 will be presented. Now before we move forward let’s understand the difference between an interim and Union budget.

Now the main difference is an Interim Budget is a budget presented by the Central Government just before the General elections and in Union budget annual budget is presented by the Central Government in the Parliament.

The Interim Budget has only a summary of the expenses and income of the previous year. While, the Union Budget will have Income and expenses of the previous year would be provided in detail.

Add India.com as a Preferred Source

The preparation of the Union Budget in India is a complex and meticulous process that involves several stages and the coordinated efforts of various government departments. Here’s an explanation of the process in seven points:
#budget2024 #budget #nirmalasitharaman #modigovernment

About Channel:

Your daily dose of videos for the latest and exclusive news from India and the rest of the world. From current affairs, sports, cricket, Bollywood, TV, entertainment, health, business & technology. Stay tuned for happenings around the world powered by India.com.
India.com covers breaking news, latest news, politics, entertainment and sports from India & World.

Subscribe India.com : https://bit.ly/3o7PtHP

Follow us on:-
Download India.com app Link- http://onelink.to/uqwaee
International Users App Link- http://onelink.to/prvyta
Web: http://www.india.com
Facebook: https://www.facebook.com/indiacom/
Twitter: https://twitter.com/indiacom
Instagram: https://www.instagram.com/indiadotcom/