Finance Minister Nirmala Sitharaman is set to present the interim budget tomorrow at 11 am in the Parliament. Before the start of the budget session, Prime Minister Narendra Modi said that the government will follow the tradition of presenting an interim budget before the general elections. The finance minister had earlier indicated that there will be “no spectacular announcements” in this budget and it will just be a vote on account.
For the unversed, an interim budget is presented to allocate funds for the remaining months of a government’s tenure before the general elections which are expected to be held in April-May.