Feb 1 Budget will be an Interim Budget 2019-20, says Govt

The Government on Wednesday said that the February 1 Budget would be only Interim Budget 2018-19, refuting some media reports which indicated that it would be a General Budget.

This Budget will be called Interim Budget 2019-20, official sources said here.

Some media reports have earlier stated that with 2019 Lok Sabha elections are scheduled to be held in May this year, the Narendra Modi government would present a full-fledged budget.

In 'General Budget', a government announces major policy initiatives and keeps a record of estimated receipts and expenditure of the government for that particular year. During election year, the newly-elected government presents the full Budget, typically in July.