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Budget

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(Querist)
08 November 2009 Why Budget is declared late when new government takes charge?
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Sunil

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Sunil (Expert)
08 November 2009 It is code of conduct enforced by the Election Commission. Usually no policy announcements or changes can be done within 6 months before the elections. Therefore the parliament only passes a Vote on Account to keep expenditure running till new budget is presented after new government is in place. Also the incumbent government may declare a budget that may be difficult for the new government to implement. Therefore it is also a matter of courtesy.
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Vinay Jalan

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Vinay Jalan (Querist)
09 November 2009 Thanks alot Brother for sharing your knowledge...
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