INSUBCONTINENT EXCLUSIVE:
Interim Budget 2019: Unlike a full-year budget, an interim budget covers a smaller period of timeFinance Minister Arun Jaitley will present
Budget 2019 on February 1
That would be an interim budget
An interim budget, just like a full-year budget, is an annual financial statement of a government's finances
It contains key details such as where money comes from (revenue) and where it is spent (expenditure), as well as projections of growth and
government for Interim Budget 2019)Who creates interim budgetAn interim budget is created by an incumbent government before election
This year, general election - to elect a central government - is due by May, thus an interim budget.What does it containAn interim budget,
similar to a full-year budget, includes details of government's finances in past year, as well as estimates of its expenditure in coming
months till election.What are key components of interim budgetOther than Budget speech, set of documents submitted in Parliament include
annual financial statement, demand for grants, finance bill, macroeconomic framework, medium term fiscal policy, and expenditure and
receipts (revenue) budgets.Who presented last interim budgetThe last interim budget was presented on February 17, 2014 by then finance
BudgetAn interim budget is followed by another budget by new government
For example, interim budget in February 2014 was followed by a full-year budget on July 10, 2014.
