Finance Minister completes consultations with representatives of various sectors, now the budget 2024 will be prepared

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.