Begin typing your search above and press return to search.
Schools breeding hatred
access_time 14 Sep 2023 10:37 AM GMT
access_time 16 Aug 2023 5:46 AM GMT
When ‘Jai Sree Ram’ becomes a death call
access_time 15 Feb 2024 9:54 AM GMT
Strengthening the Indian Republic
access_time 26 Jan 2024 4:43 AM GMT
When the US and UK fight Houthis
access_time 17 Jan 2024 6:08 AM GMT
Homechevron_rightIndiachevron_rightNo special...

No special announcements in budget 2024, because..: Nirmala Sitharaman

No special announcements in budget 2024, because..: Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman today said the budget to be presented on February 1, 2024 would not have any "spectacular announcement" as it would be a vote on account in the run up to the general elections.

"It is a matter of truth that February 1, 2024 budget that will be announced will just be a vote on account because we will be in an election mode. So the budget that the government presents will just be to meet the expenditure of the government till a new government comes to play," she said.

Speaking at the CII Global Economic Policy Forum, Sitharaman said the country would be preparing for the Lok Sabha elections which are due in the summer of 2024.

Hence the February 1 budget, following the British tradition, is called vote on account.

"No spectacular announcements come in that time (in vote on account). So you will have to wait till after new government comes in and presents next full Budget in July 2024," Ms Sitharaman said.

On February 1, 2024, Ms Sitharaman will present an interim budget for 2024-25 fiscal, beginning April 1, 2024, in the Lok Sabha.

The interim budget which is also known as a vote on account will allow the incumbent government to undertake expenditures till a new government is formed after general elections.

PTI with edits

Show Full Article
TAGS:New DelhiIndia News
Next Story