Explainer: What is an interim budget? What FM Jaitley can and cannot do
Explainer: What is an interim budget? What FM Jaitley can and cannot do
This will be the last Budget of the current BJP-led NDA government before the 2019 General Elections
With just a few months left before the Narendra Modigovernment formally completes its tenure, Finance Minister Arun Jaitley will present NDA regime’s firstinterim budget on February 1, 2019.
As this will be the ruling BJP government’s last budget before the upcoming Lok Sabha elections, here’s an explanation of what an interim budget actually means.
What is an interim budget?
An interim budget is presented by a government which is going through a transition period or is in its last year in office ahead of the general elections. Traditionally, an incumbent government cannot present a full-fledged Union Budget in the election year. Instead, the Finance Minister presents an interim budget during the joint sitting of Rajya Sabha and Lok Sabha in the Parliament, the livemint reported.
As this will be the ruling BJP government’s last budget before the upcoming Lok Sabha elections, here’s an explanation of what an interim budget actually means.
What is an interim budget?
An interim budget is presented by a government which is going through a transition period or is in its last year in office ahead of the general elections. Traditionally, an incumbent government cannot present a full-fledged Union Budget in the election year. Instead, the Finance Minister presents an interim budget during the joint sitting of Rajya Sabha and Lok Sabha in the Parliament, the livemint reported.
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