Producer: Mehak Pal Editor: Aparna Singh
An interim budget is a temporary financial plan for the government to keep essential services running until the new government is formed after the election presents a full budget.
It typically covers expenditures for the first few months of the fiscal year.
Finance Minister, Nirmala Sitharaman will present the Union Budget in parliament on February 1, 2024.
The Budget 2024 session of Parliament is expected to commence in the final week of January and conclude in April.
During this period, the government will present various reports, including the Economic Survey, which analyses the country's economic performance in the previous year.
The Interim Budget is usually presented in an election year. It outlines the government's plans for the remaining part of the financial year till the new government takes charge.
It gives a glimpse of the government's priorities and policies.