Union Budget 2024 Highlights
Overview of the Union Budget 2024
The Interim Union Budget for the financial year 2024-25 was tabled in the Parliament by Finance Minister Nirmala Sitharaman. The budget included a number of key highlights, including:
Capital Expenditure Outlay for FY 2024-25
The Capital Expenditure Outlay for FY 2024-25 is being increased by 111 per cent to Rs 40000 normal rail bogies will be converted.
Revised Fiscal Deficit
The revised fiscal deficit, the gap between the government's revenue and expenditure, is projected to be 6.4 per cent of GDP for FY 2024-25.
Other Key Highlights
Other key highlights of the budget include:
- A new tax regime with lower tax rates for individuals
- Increased allocation for education and healthcare
- Measures to promote investment and job creation
- A focus on sustainable development
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