The Union Budget 2024 delivered a prudent balance between capital expenditure, fiscal prudence and welfarism, said Suvodeep Rakshit, Senior Economist, Kotak Institutional Equities. As Finance Minister Nirmala Sitharaman presented the Budget FY25 on July 23, the government continued with its focus on spending in core infrastructure areas, while expenditure on certain social welfare schemes was under control. Per the analysis report by Kotak Institutional Equities, the Budget balanced well the priorities of elevated capital expenditure, employment generation, agriculture and rural development and fiscal consolidation.