Interim Budget 2024: Finance Minister Nirmala Sitharaman unveiled the interim budget on Thursday, addressing the financial needs for the interim period until a new government is formed after the Lok Sabha polls. An interim budget, being a provisional measure, usually lacks in-depth policy considerations and primarily allocates funds for essential government operations over a short duration. Consequently, it typically undergoes less scrutiny and debate in Parliament. In contrast, the annual Union Budget is a comprehensive financial plan covering all aspects of expenditure, fund allocation, and revenue generation for the entire fiscal year. The Lok Sabha elections are scheduled for this year.
PM Modi, in his address following the budget presentation, asserted that the Union Budget guarantees the strengthening of the foundation for a developed India