{"id":158528,"date":"2024-01-24T18:57:52","date_gmt":"2024-01-24T13:27:52","guid":{"rendered":"https:\/\/www.caravanalive.com\/?p=158528"},"modified":"2024-01-24T18:57:52","modified_gmt":"2024-01-24T13:27:52","slug":"nirmala-sitharaman-wont-present-a-full-fledged-budget-this-year-whats-the-reason","status":"publish","type":"post","link":"https:\/\/www.caravanalive.com\/?p=158528","title":{"rendered":"Nirmala Sitharaman Won&#8217;t Present A Full-Fledged Budget This Year; What&#8217;s The Reason?"},"content":{"rendered":"<div class=\"2a6a8c3593e6620bd92d71f585bdd19b\" data-index=\"4\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6453632170035383\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- NEW RESPONSIVE -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6453632170035383\"\r\n     data-ad-slot=\"2960496911\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p>The 17th Lok Sabha\u2019s final and short Budget session will take place from January 31 to February 9.<\/p>\n<p>Union Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 during the session.<\/p>\n<p>However, she will not table the full budget in the Parliament, but only a vote on account or interim budget in the House.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-158530 size-full\" src=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-7.jpeg\" alt=\"\" width=\"415\" height=\"739\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-7.jpeg 415w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-7-168x300.webp 168w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-7-337x600.webp 337w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/p>\n<h2>The reason for not presenting a full budget this year<\/h2>\n<p>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.<\/p>\n<p>A new and complete Budget will be announced in July after the formation of the new government. An Interim Budget is also called a \u2018vote-on-account\u2019.<\/p>\n<p>According to Article 116 of the Constitution, a \u201cvote on account\u201d means a preliminary allocation from the Consolidated Fund of India to the government, meant to cover its short-term expenses.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-158531\" src=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-6-jpeg.webp\" alt=\"\" width=\"640\" height=\"480\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-6-jpeg.webp 640w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-6-300x225.webp 300w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-6-450x338.webp 450w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>How Interim budget differ from a full-fledged Budget? An Interim Budget gives the government\u2019s projected income and spending until the new government is formed. On the other hand, a full-fledged Budget covers all aspects of government finances, such as income, expenditure, allocations, and policy statements.<\/p>\n<p>A detailed annual Budget acts as a strategic plan, showing the economic direction of a country during the fiscal year. Whereas, an interim budget provides financial details for the interim period.<\/p>\n<p>The Election Commission of India also imposes some restrictions on Interim Budgets to ensure no unfair influence on the voters. The government cannot suggest major taxes or policy changes in the budget as it can sway voters in favour of the ruling party.<\/p>\n<p>Usually, the government refrains from making significant announcements during a \u201cvote on account\u201d, even though there is no constitutional ban on doing so.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-158532\" src=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-8.jpeg\" alt=\"\" width=\"663\" height=\"463\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-8.jpeg 663w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-8-300x210.webp 300w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2024\/01\/images-8-450x314.webp 450w\" sizes=\"auto, (max-width: 663px) 100vw, 663px\" \/><\/p>\n<p>In December, Sitharaman had said that there would be no \u201cspectacular announcement\u201d for her sixth budget on February 1 this year, as it would be just a \u201cvote on account\u201d before the general elections.<\/p>\n<p>\u201cNo spectacular announcements come in that time (in a vote on account). So you will have to wait till after the new government comes in and presents the next full Budget in July 2024,\u201d the minister had said while answering a question about a \u201csupercharged budget\u201d at the CII Global Economic Policy Forum.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The 17th Lok Sabha\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":158529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[{"category_id":36,"category_link":"https:\/\/www.caravanalive.com\/?cat=36","category_name":"Article"},{"category_id":2,"category_link":"https:\/\/www.caravanalive.com\/?cat=2","category_name":"Business"},{"category_id":156,"category_link":"https:\/\/www.caravanalive.com\/?cat=156","category_name":"India"},{"category_id":1368,"category_link":"https:\/\/www.caravanalive.com\/?cat=1368","category_name":"Politics"}],"tags":[{"tag_id":131,"tag_link":"https:\/\/www.caravanalive.com\/?tag=bjp","tag_name":"BJP"},{"tag_id":2834,"tag_link":"https:\/\/www.caravanalive.com\/?tag=nirmala-sitharaman","tag_name":"Nirmala Sitharaman"},{"tag_id":7579,"tag_link":"https:\/\/www.caravanalive.com\/?tag=nirmala-sitharaman-union-budget","tag_name":"Nirmala sitharaman union budget"},{"tag_id":3208,"tag_link":"https:\/\/www.caravanalive.com\/?tag=union-budget","tag_name":"union budget"},{"tag_id":7578,"tag_link":"https:\/\/www.caravanalive.com\/?tag=union-budget-2023","tag_name":"Union budget 2023"}],"class_list":["post-158528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-business","category-india","category-politics","tag-bjp","tag-nirmala-sitharaman","tag-nirmala-sitharaman-union-budget","tag-union-budget","tag-union-budget-2023"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nirmala Sitharaman Won&#039;t Present A Full-Fledged Budget This Year; What&#039;s The Reason? - Alive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caravanalive.com\/?p=158528\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nirmala Sitharaman Won&#039;t Present A Full-Fledged Budget This Year; What&#039;s The Reason? - Alive\" \/>\n<meta property=\"og:description\" content=\"The 17th Lok Sabha\u2019s final and short Budget session will take place from January 31 to February 9. 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