What is the general meaning for interim budget?

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2026-01-26 15:20

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During an election year it is not practical for the ruling government or for the new government taking charge after the elections to prepare or debate on the full budget and pass it before the new financial year begins.

Hence, the outgoing government would announce an interim budget or vote on account in February which will be followed by a full budget by the new government in a few months' time after the elections.

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