More than the excitement of who will form the new government, it’s the budget plan that truly captures people’s attention. Everyone is eager to see what financial strategies and policies the government will introduce and how these decisions will impact their daily lives.
The anticipation surrounding the budget plan is palpable as it promises to unveil the roadmap for economic growth, tax relief, and welfare schemes that directly affect the common man. It’s not just about politics; it’s about understanding how the upcoming changes will shape our financial future and overall well-being.
However, with the Modi 3.0 the Union Budget pings key concerns of the new plan the government introduces in the document which is often reffered as ‘Bahi Khata’.
How The Budget Impacts Us Directly?
The budget plays important role both for the government and the public. It is quite same as a financial planning done in a family for the rest of the month that include, bills, loans, expenses, etc. Hence, while announcing the budget, the governmnet focuses on areas that is capable of boosting employment and economic growth. The key concern of the budget is that the money is utilised in the needed sector.
The budget also includes income tax, with variable tax slabs.
Economic Equality Is A Challenge
Economic inequality is a major concern for any nation, and the budget provides a crucial chance for the government to introduce policies that promote comprehensive development. By implementing welfare and economic measures, the government can tackle inequality and assist the more vulnerable segments of society.
In drafting the budget, the government identifies areas of economic weakness. This process aids in resource allocation, which is the primary aim of the budget. It enables the government to determine necessary policies and target areas that will benefit the general public.
Also Read: Budget 2024: What Can Salaried Middle Class Expect ?
