Union Budget 2023-24 Live: FM Nirmala Sitharaman Presents Paperless Budget; No Tax On Income Up To Rs. 7 Lakh Under New Tax Regime

Union Budget 2023-24: Union Finance Minister Nirmala Sitharaman is set to present the Union Budget 2023-24. The budget will be her fifth and the current central government’s last full Budget before the 2024 Lok Sabha elections.

The Union Budget 2023-24 Speech is likely to push spending to support growth while lowering the deficit at the same time.

There are several expectations from this year’s Budget to envisage measures to boost various sectors of the economy, apart from income tax relief for individuals.

The Union Budget is a key government document as it outlines the policy structure of the country and aims to fulfil the aspirations of people with various welfare initiatives. It reveals the projected receivables and payables of the government during a financial year, under the capital budget and revenue budget.

After the Covid-19 shock and amid global geopolitical developments, FM Sitharaman will be expected to tread a tightrope between staying fiscally prudent and general public expectations of lower taxes and a wider social security net. This year’s budget will be presented in a paperless form like the previous two budgets.