NEW DELHI: The Union Cabinet headed by Prime Minister Narendra Modi on Thursday approved the pre-election budget 2024-25, sources said.
This move sets the stage for finance minister Nirmala Sitharaman to present her sixth budget in the Lok Sabha, a feat that would match the record set by former Prime Minister Morarji Desai.
Sitharaman, the first full-time woman finance minister of the country, has presented five full budgets since July 2019 and will present an interim or vote-on-account budget on Thursday.
With this, she will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, who had presented five budgets in a row.
Desai, as finance minister, had presented five annual budgets and one interim budget between 1959 and 1964.
The interim budget for 2024-25 will serve as a vote-on-account, granting the government the authority to allocate specific sums of money until a new government assumes office following the general elections scheduled for April-May.
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