2024 Union Budget Overview: Highlights from Nirmala Sitharaman

Tuesday, 23 July 2024, 03:38
In her seventh consecutive Union Budget presentation, Finance Minister Nirmala Sitharaman announced significant reforms and allocations for the 2024 fiscal year. The budget emphasizes crucial areas such as *income tax reforms* and enhancing *ease of doing business*, with a notable *capital expenditure* of Rs 11.1 lakh crore. Furthermore, the government aims to lower the *fiscal deficit* to 5.1% of GDP, marking a strategic move towards fiscal discipline. These initiatives indicate a robust approach towards revitalizing the Indian economy.
Economictimes
2024 Union Budget Overview: Highlights from Nirmala Sitharaman

Union Budget 2024 Highlights

Finance Minister Nirmala Sitharaman presented the Union Budget 2024, which marks her seventh consecutive budget, setting a new record.

Key Focus Areas

  • Income Tax Reforms: Aimed at simplifying the tax regime for individuals and businesses.
  • Capital Expenditure: The government allocates Rs 11.1 lakh crore for infrastructure and development projects.
  • Fiscal Deficit Goals: The target is to reduce the fiscal deficit to 5.1% of GDP.

Conclusion

The Union Budget 2024, presented by Nirmala Sitharaman, seeks to enhance the economic landscape of India through strategic investments and reforms, signaling a significant commitment to fiscal responsibility and growth.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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