‘Because we’re in election mode and the elections occur throughout the coming summer season. So, the Budget that the federal government presents would simply be to fulfill with the expenditure of the federal government until a brand new authorities involves play,” stated Nirmala Sitharaman.
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Finance Minister Nirmala Sitharaman on Thursday sought to average trade expectations from the upcoming Budget for 2024-25, by underlining that she’s going to solely announce a ‘vote on account’ interim Budget on February 1 subsequent 12 months.
“Because we are in election mode and the elections happen during the coming summer. So the Budget that the government presents would just be to meet with the expenditure of the government till a new government comes to play… so no spectacular announcements are made that time,” Ms. Sitharaman stated on the CII Global Economic Policy Summit.
“You may have to wait till after the new government comes in and the next full Budget will July 2024. So things have to wait till then,” the Minister stated, in response to a question from a Singapore-based investor on what to anticipate from the following Budget.
