Budget 2024: Things to not expect from the interim budget on February 1

Budget 2024: Finance Minister Nirmala Sitharaman is all set to present the budget on February 1. On the run up to the general elections that is expected to be held in April/May, this budget will be an interim budget. 

Interim Budget 2024-25

Interim Budget is expected to laydown the financial roadmap for the initial months of the fiscal year. The budget aims only to ensure continuity of government operations until the post-election formation of a new government and will not contain any populist announcement. 

Also Read: Budget 2024-25: Date, Time, Key Expectations, How and Where to Watch FM Nirmala Sitharaman's Speech LIVE

Finance Minister Nirmala Sitharaman too had confirmed that the upcoming February 1 Interim Budget for the fiscal year 2024-25 won't feature any major announcements while emphasizing its nature as a vote-on-account.

Things to not expect from Budget 2024-25

As per IndiaToday.in's compilation, these 5 things won't feature in the interim budget

1. Major Policy Changes - The Finance Minister is unlikely to present any groundbreaking policy changes or financial overhauls since this is an interim budget.
2. Income Tax Relief - Major reforms in tax structure is usually seen in full budgets
3. New Welfare schemes - Launching new, large-scale welfare programs is unlikely during an interim budget, however, social schemes will continue to be a focus
4. Aggressive Fiscal Consolidation - Extensive fiscal consolidation measures is unlikely to be introduced 
5. New Financial Regulation - Interim budget will not have any major financial regulation or introduce any complex financial regulatory frameworks