Understanding Interim Budget 2024

An interim budget is a stopgap measure that accounts for government expenditures and revenues during the transitional period until a full-fledged budget is presented by the incoming government post-elections. It provides a snapshot of financial allocations and policies for the interim period, maintaining fiscal continuity.

Components of Interim Budget

The interim budget encompasses estimates of government expenditure, revenue, fiscal deficit, and financial performance for a limited duration, focusing on immediate financial requirements until a comprehensive budget is formulated.

Temporary Financial Framework

Typically, an interim budget spans a few months, addressing immediate financial needs until a new government can introduce a complete budget for the entire fiscal year.

Maintaining Continuity

They may incorporate minor policy adjustments aligned with ongoing governmental priorities, refraining from significant overhauls.

Presenter of Interim Budget