Finance Minister Nirmala Sitharaman is all set to present her sixth consecutive budget on February 1, 2024. With this budget presentation, she will be creating several records. Not only has she consistently presented five full budgets, but she also presented an interim budget and will soon join the club of former Prime Minister Morarji Desai who presented ten budgets during his tenure.
Sitharaman is the first full-term female Finance Minister, who has presented five full budgets from July 2019 until now. Former Prime Minister Morarji Desai has presented the highest number of budgets at 10.
On February 1, 2024, she will present an interim budget. The main budget will likely be presented in July after the general elections. An interim budget will give the government the authority to spend in certain areas until a new government comes into power after the general elections scheduled for April-May.
The schedule for the budget presentation on February 1 includes Sitharaman taking part in a photo session with her team in the morning and seeking approval from the President for the budget and presenting it to the Parliament at 11 am. After the announcement of the budget, all related documents will be uploaded online for public access.
It is remarkable to note that after the budget presentation on February 1, Sitharaman will surpass former Finance Ministers such as Manmohan Singh, Arun Jaitley, P. Chidambaram, and Yashwant Sinha in the number of budget presentations. She will have presented six budgets, which exceeds the number presented by these leaders. Additionally, Sitharaman will become the second woman to present a budget, following in the footsteps of the late Prime Minister Indira Gandhi, who presented the budget for the financial year 1970-71.
News Highlight :
– Finance Minister Nirmala Sitharaman will present the interim budget on February 1, 2024, which will come after the general elections
– This will be the first interim budget presented by Sitharaman, and the full budget is expected to be presented in July after the general elections
– Sitharaman has presented 5 full budgets so far and will become the second woman after Indira Gandhi to present a budget
– The budget will be presented to the President for approval, followed by a meeting in parliament where the budget will be presented at 11 am
– After the announcement of the budget, all related documents will be available for public viewing online
– The interim budget allows spending in certain areas until a new government is formed after the general elections in April-May
– Sitharaman will also meet with the cabinet to gain approval for the budget, and will participate in a photo session with her team
– She will then take the budget to Parliament and present it at 11 am on February 1, 2024
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