2024 Finance Minister Nirmala Sitharaman said not to expect any announcements in the budget to be held on February 1. As elections are due, the upcoming budget will be a vote-on-account only. She also hinted that the full budget will be in the month of July.
The Finance Minister was speaking at the Confederation of Indian Industry’s Global Economic Policy Forum. They said they will have to wait for the general elections to make announcements.
Vote on account is only an interim budget. All it does is seek approval from the Parliament for the current government to spend until the new government comes in.
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The economic survey is likely to be presented ahead of the interim budget on February 1. It will not be a complete document, but a short version similar to an economic survey. It will have economic indicators including GDP and growth target. At the same time, the aim is not to provide a comprehensive picture.
Content Highlights: Upcoming Budget just a vote on account, no ‘spectacular announcements’: FM Sitharaman
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2023-12-07 08:34:27
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