Budget 2024 Expectations: This time the size may increase by 10 percent, last year the budget was Rs 45 lakh crore.

Budget 2024 Expectations: This time the size may increase by 10 percent, last year the budget was Rs 45 lakh crore.

The much awaited wait for the new budget is now about to end. The country's new budget is going to come after just a day. Finance Minister Nirmala Sitharaman is going to present her sixth consecutive budget on February 1, which will be presented by the Prime Minister

After the elections, the full budget will come in July

First of all, let us tell you that this time the interim budget will be on 1st February. The budget is about to be presented. The tenure of the current Lok Sabha is ending in May. This means that elections can be announced in the country any time after February. For this reason the interim budget is coming now. The full budget will come after some time in the month of July. Due to the impending elections, people are also expecting an election budget this time.

Last time such a big budget came.

The budget of the Modi government was the last one, i.e. the budget presented in 2023. Talking about it, its size was Rs 45,03,097 crore. That means the last full budget of the second term of the Modi government was a little more than Rs 45 lakh crore. This was 7.5 percent larger than the revised estimate for the financial year 2022-23. In the last budget, the revenue expenditure in the total expenditure was a little more than Rs 35 lakh crore.

Expectation of size up to Rs 50 lakh crore

This time the size of the budget is expected to increase by 10 percent. Its being done. If this happens, then this time the size of India's budget can be close to Rs 50 lakh crore. Bank of Baroda estimates that this time's budget could be Rs 49 to 50 lakh crore. This is 10 to 11 percent more than last year.

Special focus will be on infrastructure and defence.

Modi government is continuously focusing on infrastructure and increasing expenditure. In last year's budget, the allocation for Road Transport and Highways was increased to Rs 2,70,435 crore, which was 25 percent more than the revised estimate. This time also a similar increase is expected in the allocation for Road Transport and Highways. In view of global uncertainty, the government is also expected to pay attention to the allocation to the defense sector. Last time the size of the defense budget was Rs 5.93 lakh crore.

Also read: Economic review will not come before the interim budget, 7% growth expected in the next financial year

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