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Key Finance Ministry officials prepare for new government's first full budget, led by Finance Secretary T.C. Somnathan. Transition from interim to full budget.
Budget preparation begins six months before it is tabled in the Parliament
Finance Minister Nirmala Sitharaman concluded the last phase of preparing the Interim Union Budget 2024 with...
Finance Minister Nirmala Sitharaman observed the customary "Halwa ceremony" in North Block to mark the final stage of the Interim Union Budget 2024 preparation process. The upcoming budget is going to be an interim budget due to the upcoming elections, with the full budget to be presented in July. The Budget documents, including the Annual Financial Statement and Finance Bill, will be available on the "Union Budget Mobile App" for easy access by MPs and the public after the Budget Speech on February 1, 2024.
A customary Halwa ceremony is performed every year before the 'lock-in' process of Budget preparation begins, an official statement said.