Nirmala Sitharaman Won’t Present A Full-Fledged Budget This Year; What’s The Reason?
The 17th Lok Sabha’s final and short Budget session will take place from January 31 to February 9. Union Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 during the session. However, she will not table the full budget in the Parliament, but only a vote on account or interim budget in the House. The reason for not presenting a full budget this year The Union government presents an Interim Budget in an election year, which shows the expected revenues and expenditures until a new government comes to power. This interim budget helps the government to meet its financial commitments. A new and complete Budget will be announced in July after the formation of the new government. An Interim Budget is also called a ‘vote-on-account’. Acc...
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