New Delhi: Finance Minister Nirmala Sitharaman is set to announce the Union Budget on February 1, 2024. Since it’s an election year, this budget is like a short-term money plan until a new government takes over.

People in the middle class hope the government keeps taxes steady and reasonable. The budget might stick to the same plan as the past few years. There’s talk about extending the time for companies to get lower taxes and making the tax rate the same for car parts.

Economists say that the government should support both public and private companies. They’ve already helped public ones in building things, which was good for jobs. Economists think the government should keep doing this.

The Budget Session of Parliament starts on January 31 and goes until February 9. During this time, the Finance Minister will talk about the interim budget. Keep an eye out for news about the Budget – it’s a big deal for India’s money matters!