There is less than a month left for the country’s budget to come. On February 1, Finance Minister Nirmala Sitharaman will present the country’s budget. However, this budget will be quite different from the general budget. This year the government will not present a full budget but an interim i.e. half-incomplete budget. After which the question in people’s mind is what will happen in this interim budget? How and in what ways is it different from the general budget? Apart from this, how much longer is the interim budget than the general budget? Or will it be finished within minutes because it is half-baked? If you also have the same question in your mind then let us know the answer…
Is the interim budget settled within minutes?
The interim budget is smaller than the general budget. This is because it does not include all the things like the general budget. This budget is about the policies, expenditure and fiscal deficit of the government. Actually, the budget is presented twice in an election year. After the election results are declared, the new government brings a new budget. The interim budget is finalized a little sooner than the general budget.
read this also
These are mentioned
In the interim budget, apart from expenditure, the central government also presents details of income. This includes expenditure, revenue, fiscal deficit, financial performance and projections for the coming months. But no major policy announcement is presented in the interim budget, so that the government is not burdened with promises. According to the common tradition, in the year when Lok Sabha elections are to be held, the Central Government presents an interim budget for a few months instead of the entire financial year. But the interim budget has to be presented, there is no such compulsion. Same thing is going to happen this time also, hence the government is going to present the vote on account budget instead of interim budget.
: Language Inputs