The interim Budget 2024 has few policy announcements. Given the coming elections, a work-in-progress budget is better than a freebie laden one.
he average middle-class person has two expectations from the budget. One, to get a lower tax burden and two, to see proposals that lead to lower inflation. In Budget 2024, being an interim budget just ahead of the general elections, there were no expectations of tax changes, and none were announced. On the inflation front, the reduction of the fiscal deficit target to 5.1% of the Gross Domestic Product (GDP) is a reassuring step in the right direction.