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Last Updated : Jan 30, 2019 07:03 PM IST | Source: Moneycontrol.com

FinMin says no plans of full Budget instead of Interim Budget

Terming the event a 'General Budget' would have meant the government is planning out to announce major policy initiatives.

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The Finance Ministry has denied it has instructed its staff to refer to the upcoming Budget on February 1 as a 'General Budget', after media reports said such a communication has been issued.

"There is no such communication," a FinMin official told Moneycontrol. "It can be called interim Budget."

Terming the event a 'General Budget' would have meant the government is planning out to announce major policy initiatives -- something that is against convention for a government whose term is to end -- as opposed to the usual practice of presenting an Interim Budget or a "vote-on-account".

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During election years, the newly-elected government presents the full Budget typically in July.

The Lok Sabha website, in its Provisional Calendar, has continued to refer to the event as an Interim Budget.

Update: The original article was based on the media speculation around the nature of the Budget. It has been updated to incorporate the government's response.

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First Published on Jan 30, 2019 12:03 pm
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