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What is Budget?

Asked 2019-01-09 13:59:41 by Saanvi Rao

Answered by NewsBytes

A full-fledged Union Budget outlines the Central government's expected revenues and expenditures for a financial year.

What is interim Budget?

Asked 2019-01-09 13:59:41 by Paridhi Patel

Answered by NewsBytes

In India, an incumbent government does not present a full budget in the election year. Instead, the government tables an interim budget during a joint session of the Rajya Sabha and the Lok Sabha in the Parliament.

Why is the Budget important?

Asked 2019-01-09 13:59:41 by Vibhore Kapur

Answered by NewsBytes

Apart from chalking out expected incomes and expenditures, a Budget is also important from an electoral point of view insofar as it demonstrates fund allocations, and thereby demonstrates where the priorities of a particular government lies.

Can any major decisions be expected in the interim Budget?

Asked 2019-01-09 13:59:41 by Tejas Trivedi

Answered by NewsBytes

Unlikely. Generally, no major announcements are made in an interim Budget as a full-fledged Budget is presented by the newly-elected government following the Lok Sabha polls.

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