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Interim budget
every year there would be a union budget on Feb 1. The budget which is carried in middle is called as interim budget right. then why this budget is called as interim budget and not normal one ?
Replies (3)
because new government after election will again form a new budget
thank you very much
The government presents an interim budget if it does not have time to present a full Budget or if the general elections may be in the near future. So usually, in an election year, the outgoing government presents an interim budget and the task of framing the full budget is left for the next government.
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