Along with the budget, the Finance Minister will present a vote-on-account to seek Parliament's sanction for spending till July.
Also, unlike a regular budget, the interim one does not have any new proposal on the revenue side -- that is, no taxation measures are proposed and status quo is maintained. Such a budget only lists an estimate of the income generated and the expenditure incurred during the previous year, as also the likely expenses during the period for which the vote on account is sought. However there may be some sops for the common man and sectors that need help.
No comments:
Post a Comment