Union Budget 2024-25
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Budgetary action — an allocation, fiscal policy change, or expenditure decision shaping how public resources flow. Reveals government priorities and affects programme implementation capacity.
Summary
First full budget of NDA III government with focus on employment and skilling (Rs 2 lakh crore for 5 schemes), new income tax regime slabs, abolition of angel tax, and Rs 11.11 lakh crore capex allocation for infrastructure.
Key Facts
Type Budget
Source Historical Record
Published Tuesday, 23 July 2024
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
4 Labour Codes consolidating 29 laws
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right