rebound basketball book,cycling,volleyball written in chinese


What is an Interim Budget, Interim Budget MeaningInterim Budget Meaning, Requirement, Comparison: The Interim Budget contains all the relevant estimates of government’s expenditure and revenue, and also some policy measures if necessary.


ace2three-customer-care,In the Budgetary context, ‘Vote on Account’ and ‘Interim Budget’ are two different terms. The ‘Vote on Account’ is just the estimate of expenses the outgoing government requires before the General Election’s period. The ‘Vote on Account’ only deals with the government’s expenditures. On the contrary, an Interim Budget gives full details of the government’s accounts, including both receipts and expenditures.


An Interim Budget is a complete financial statement by the government for the entire year, similar to a full Budget in certain terms. Note that an incoming government can change estimates when the final budget is presented.


An outgoing government is required to present an interim budget if its tenure is about to come to an end due to impending General Elections. In such situations, the task of presenting a full Budget is left for the next government. A full Budget approves government spending for the full financial year. So for any reason, if the government of the day is not able to present in the Parliament a full budget before the end of the financial year, it requires Parliament’s sanction for expenditures till the time a full Budget is presented.


For those are asking, “when will Interim Budget be implemented”, here’s what you need to know about the process. Under the Interim Budget, Parliament clears the government’s vote-on-account which allows it to meet its expenses until the new Parliament considers and passes a full Budget for the remaining year. In the case of government changes due to General Elections and not because of losing a trust vote situation, the vote-on-account is given for a period of four months.

Constitutionally, in the Interim Budget, the government can make tax changes but in all the interim budgets since Independence, outgoing governments have respected the fact that it is only a custodian for a few months and have refrained from making big-ticket changes or new schemes or plans.


Usually, an Interim Budget is presented by the outgoing government before the General Elections for Lok Sabha held every five years. Here are fourteen instances when Interim Budgets were presented in the Parliament:

  • By R K Shanmukham Chetty on November 26, 1947 after Constituent Assembly’s Budget passed in March 1947 ceased because of partition
  • By CD Deshmukh, before the first General Elections, for 1952-53
  • By T T Krishnamachari for 1957-58, just before the second general elections
  • By Morarji Desai in 1962-63 and then in 1967-68
  • By Y B Chavan for 1971-72
  • By Haribhai M Patel in 1977. It was the shortest ever interim budget speech and also the first when an interim Budget was presented by a finance secretary and a former bureaucrat
  • By R Venkataraman for 1980-81 after Janata government lost power to Congress (I)
  • By Yashwant Sinha in 1991 after the fall of the Chandra Shekhar government
  • By Dr Manmohan Singh — his only interim budget in 1991-92
  • By Yashwant Sinha for 1998-99 during Atal Bihari Vajpayee’s government
  • By Jaswant Singh, in the final year of Atal Bihari Vajpayee-led NDA government in 2004-05
  • By Pranab Mukherjee in 2008-09 at the end UPA’s first term
  • By P Chidambaram on February 17, 2014 at the end of UPA’s second term
  • By Piyush Goyal in 2019 before the end of PM Narendra Modi-led NDA government’s first term

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO volleyball written in chinese, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

web series on cricket betting,Financial rebound basketball book is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1FinMin releases Rs 9,871 cr grant to 17 states
andar baharandar bahar bettingandar bahar game appandar bahar game rulesandar bahar live casinoandar bahar online game appandar bahar pattiandar bahar trick appandar bahar tricksandhar bahar cash game