The Union Budget for 2024-25 will be presented by Finance Minister Nirmala Sitharaman on Feb 1. This being an election year, an interim budget will be presented - which will serve as a continuation of current economic policies until a new government can present a full budget.

The implementation of the model code of conduct with the announcement of election dates limits the government's ability to announce new policy decisions, to ensure a level electoral playing field, and prevent the use of administrative decisions for electoral gains. The interim budget serves more as a report on the past fiscal year than a platform for new policies. The final budget for 2024-25 will be presented after the general elections, likely in July, by the newly elected government.