When is budget 2019?

Budget 2019: The much awaited budget 2019 is just three weeks away. This budget will be the last of Modi government before Lok sabha elections. Despite being an interim budget, people would have certain expectations from the BJP-led government which might try to satisfy the middle-class, corporate, investors, tax-payers, farmers, women employees, students, startup owners\aspirants, workers etc. The budget also comes at a time when the country is seeking solution to the issues like farmer's loan problems, railway safety concerns this year, agricultural stability, tax reforms, change in income tax slabs, new policies etc. Therefore, the sixth budget by FM Arun Jaitley will be a test for the present ruling government before elections this year. Traditionally, the governments do not have a history of bringing reforms or driving too many changes to the interim budgets, However, it won't be smart not to expect some surprise.

Budget 2019 date: 

Budget 2019 will be announced by the Finance Minister Jaitley on February 1st of this year, in a joint meet of both the houses (Lok Sabha and Rajya Sabha) in parliament. Previous two budgets of the government were also announced on the 1st day of the February month for the respective years.

What is interim budget?

An interim budget is the last budget of the outgoing government before major elections (Lok Sabha elections). It is presented, keeping in mind the next fiscal year's needs and growth prospects. 

How is it different from full budget or vote-on-count?

In a interim-budget, the government unfolds the expenditure and revenue structure for the ongoing fiscal and presents the financial vision for upcoming fiscal year. However, traditionally no major changes or reforms are announced in the interim budgets as a full budget is presented by the newly elected government after national polls. Also, In the interim budget, the central government does project its budget estimate, which is the revised estimation of fiscal deficit.