Union Budget: Common Man’s Expectations from Budget 2024

The government is preparing to reveal Budget 2024 soon. The common man expects from the new budget that their everyday life challenges and standard of living will be improved. These are areas of expectations of the common man.

1. Tax Relief

Tax relief is one of the expectations of people from the budget. The common man expects increased income tax slabs and exemptions. This would help them to leave more disposable income in their hands. Also, simplification of the tax filing process and getting incentives for timely and accurate filing are on their wishlist.

2. Inflation Control

The constant increase in prices of goods and services is very concerning. Measures which would control the inflation mainly on necessary products are expected. The common man hopes for the policies that will make everyday life affordable.

3. Affordable Housing

Making home loans easily accessible and affordable is also being expected from the new budget. Getting affordable housing is tough nowadays. There should be tax deductions on home loan interest and principal repayments, also providing incentives for builders to construct budget-friendly housing will assist those dreaming of owning a home.

4. Healthcare Access

After the COVID-19 pandemic, the importance of healthcare infrastructure is also highlighted. There should be policies making the healthcare facilities and treatments available and affordable for everyone. And also the subsidies and insurance schemes for essential medicines will provide so much relief to the common man.

5. Education and Skill Development

Investing in education and skill development is crucial for a country’s growth. Common man expects more scholarships grants and funding for educational institutions. Emphasis on vocational training and skill development programs can equip youth with employable skills. This leads to better job prospects.

6. Infrastructure Development

Improved infrastructure directly impacts the quality of life. The common man anticipates increased spending on roads, public transport and utilities. Better infrastructure not only enhances daily living. It also boosts economic growth by improving connectivity and accessibility.

7. Social Security

Social security schemes for the elderly unemployed and underprivileged are essential for a just society. The budget should focus on enhancing existing social security measures. Introducing new ones to support the most vulnerable sections of the population.