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This year, an Interim Budget will be presented by the ruling government in Parliament. The Interim Budget is tabled when there is insufficient time to present a complete budget or when elections are due in the same year.
The budget estimate for the current fiscal on total spending on various subsidies including fuel is Rs 3.74 lakh crore, with Rs 1.97 lakh crore for food and Rs 1.75 lakh crore for fertilisers
Budget 2024-25: The team that puts together the Budget, after extensive discussions with business heads and other stakeholders, includes top bureaucrats of the Finance Ministry, including Finance Secretary, Revenue Secretary, Economic Affairs Secretary, among others.