Union Budget 2025 Date: The eagerly anticipated Union Budget 2025 is set to be presented by the Indian Finance Minister, Nirmala Sitharaman.
This annual financial statement outlines the government’s revenue and expenditure for the upcoming financial year, reflecting the economic priorities and objectives of the country.
The Union Budget of India for 2025 will be presented on Saturday, 1st February 2025.
In 2025, the Union Budget will be presented on Saturday, 1st February. This budget, as per Article 112 of the Indian Constitution, is officially referred to as the “Annual Financial Statement.”
It serves as a roadmap for the government’s financial decisions, impacting sectors like infrastructure, education, healthcare, defense, and more.
- Key Dates for Union Budget 2025
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- Presentation Date: The Union Budget 2025 will be presented on February 1, 2025, at 11:00 AM IST.
- Budget Session: The Parliament’s Budget session will start on January 31, 2025, with the tabling of the Economic Survey, and will conclude on February 13, 2025.
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Union Budget 2025 Date
| Event | Details |
| Union Budget 2025 Date | Saturday, 1st February 2025 |
| Presentation Time | 11:00 AM (Expected) |
| Finance Minister | Nirmala Sitharaman |
| History of Budget Timing | – Budget was presented at 5 PM till 1997 – Changed to 11 AM in 1997 by P. Chidambaram – Budget moved to 1st February in 2017 by Arun Jaitley |
| Significance | Nirmala Sitharaman’s 8th consecutive Union Budget presentation |
| Stock Market | Open during regular hours for investors to react |
Expectations and Highlights
Ahead of the Union Budget 2025, there are several key expectations from various sectors:1
Tax Reforms:
There is a strong advocacy for income tax reliefs, especially for the middle-class and salaried individuals. Experts are hopeful for adjustments in income tax slabs and simplification of filing processes1.
Infrastructure Development:
While constrained by fiscal considerations, allocations for infrastructure, including roads, highways, and railways, are anticipated to give a boost to overall economic growth.
Healthcare Investments:
Addressing healthcare concerns, especially in light of recent challenges, is a high priority. Increased budgets for medical equipment, subsidies for critical treatments, and expanded insurance coverage under schemes like Ayushman Bharat are expected.
Support for MSMEs:
There’s a call for supportive measures for Micro, Small, and Medium Enterprises (MSMEs) to tackle delayed payments, incentivize digitization, and streamline tax processes.
Historical Context
Since 2017, the Union Budget has been presented on February 1. This change was made to allow the announcements to be well ahead of the new financial year starting from April 12. This practice helps in better financial management and planning by various sectors of the economy.
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FAQs related to Union Budget 2025 Date
What is the date of budget 2025?
February 1, 2025
What is the direct tax code 2025?
The aim is to simplify India’s complex tax system, making it more accessible and user-friendly.
What is the budget allocation for 2024-2025?
Rs 48,20,512 crore
Which sector will be focused in budget 2025?
Roads, renewable energy and transportation
Conclusion
The Union Budget 2025 holds significant expectations for economic revival, social welfare, and structural reforms5. Stakeholders across different sectors are keenly waiting to see how their concerns and demands will be addressed.