Finance Minister completes consultations with representatives of various sectors, now the budget 2024 will be prepared
Budget 2024: The Finance Ministry also said that the pre-budget consultations for the Union Budget 2024-25 started on June 19, and ended on July 5, 2024.
The budget for the Union Budget 2024-25 is to be prepared. For this, Finance Minister Nirmala Sitharaman has completed consultations with various stakeholders, including representatives of industry and social sectors, as part of the budget preparation process.
Finance Minister Nirmala Sitharaman will present her seventh budget on July 23. This will be the first full budget of the third term of the Modi government, which will pave the way for a developed India by 2047. Addressing a joint session of Parliament after the formation of the 18th Lok Sabha, the President said, "This budget will be an effective document of the government's far-reaching policies and future vision." He also said that many historic steps and major economic decisions will be taken in the upcoming budget session. He said, "Along with major economic and social decisions, many historic steps will also be seen in this budget."
The Finance Ministry also said that the pre-budget consultation for the Union Budget 2024-25, which began on June 19, ended on July 5, 2024. During this personal consultation, more than 120 invitees from 10 stakeholder groups attended the meetings. The meeting included experts and representatives from farmer associations and agricultural economists, trade unions, education and health sector, employment and skills, MSMEs, business and services, industry, economists, financial sector and capital markets, as well as infrastructure, energy, and urban sector.
Finance Minister Nirmala Sitharaman chaired the meeting. During this, Minister of State for Finance Pankaj Chaudhary, Finance Secretary and Expenditure Secretary T V Somanathan, Economic Affairs Secretary Ajay Seth, DIPAM Secretary Tuhin K Pandey, Financial Services Secretary Vivek Joshi and Revenue Secretary Sanjay Malhotra, among others, attended.
After the consultation, Sitharaman thanked the participants for sharing valuable suggestions and assured the experts and representatives that their suggestions would be carefully examined and considered while preparing the Union Budget 2024-25.
