Finance Minister Nirmala Sitharaman will present the Union Budget for financial year 2023-24 on February 1. The budget assumes significance as it will lay out the roadmap for the country’s economic growth going into 2024 which is also an election year. The forthcoming budget is likely to meet the targeted 6.4 per cent fiscal deficit and pencil in for a 50 bps reduction in the same for the next fiscal, according to a Foreign Brokerage Report.