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The Difference Between Interim Budget And Full Budget

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Lok Sabha elections, Finance Minister Nirmala Sitharaman announced an interim budget in February to manage the government's immediate financial needs.
The article from NDTV explains the distinction between an Interim Budget and a Full Union Budget in India. An Interim Budget is presented when elections are due, serving as a temporary financial plan to cover government expenses until a new government is formed. It avoids major policy announcements or significant tax changes, focusing instead on essential expenditures and maintaining fiscal stability. Conversely, a Full Union Budget, presented by the newly elected government, outlines comprehensive fiscal policies, tax proposals, and economic strategies for the entire fiscal year. It includes detailed revenue and expenditure plans, policy reforms, and long-term economic goals. The article highlights that while the Interim Budget ensures continuity, the Full Budget sets the economic direction for the country.

Read the Full NDTV Article at:
[ https://www.ndtv.com/business-news/understanding-the-difference-between-interim-and-full-union-budgets-7471073 ]