On Tuesday, Union Finance Minister Nirmala Sitharaman will break the record set by former Prime Minister and Finance Minister Morarji Desai when she presents her seventh consecutive budget.
Sitharaman will now hold the record for the most consecutive budget presentations. Sitharaman’s February 1, 2020 speech, which lasted two hours and forty minutes before being cut short, holds the record for the longest budget speech.
During his two terms as Finance Minister, from 1959 to 1963 and 1967 to 1969, Desai proposed six budgets.
With eleven total, former prime minister Morarji Desai still retains the record for most budget speeches delivered. Under former Prime Ministers Jawaharlal Nehru and Lal Bahadur Shastri, he held the position of Finance Minister.
Creating a blueprint for Viksit Bharat by 2047 is the goal of the Union Budget 2024. Sitharaman, Minister of State for Finance Pankaj Chaudhary, Finance Secretary T. V. Somanathan, other Ministry of Finance secretaries, and Chief Economic Advisor V. Anantha Nageswaran will all be present at a press conference after the budget is presented.
It is anticipated that the Union Budget will prioritize a number of important areas, such as increased funding for the rural economy, tax reforms, infrastructure improvements, local manufacturing, the creation of jobs and skills, and a higher distribution of production-linked incentives (PLI) to labor-intensive industries.
Significant highlights are also expected to include efforts to facilitate corporate operations and adjustments to the income tax structure that will benefit taxpayers.
