key things to expect from the interim budget2024-25
Focus on maintaining fiscal stability: Given the upcoming elections, the government is likely to prioritize fiscal consolidation and avoid making any major policy changes. You can expect continued focus on deficit reduction and responsible spending.
Continuation of existing schemes: Existing government schemes and programs are likely to be continued, with possibly some minor adjustments.
Limited new initiatives: Due to the temporary nature of the budget, any new announcements are likely to be limited in scope and focus on essential sectors like agriculture, healthcare, and infrastructure.
Tax changes: While major tax reforms are unlikely, there could be some minor adjustments to income tax slabs or deductions.