Interim budget

An interim Budget is a complete set of accounts, including both expenditure and receipts. It is a full budget but made by the government during the last year of its term – i.e. just before the election. But it cannot contain big policy proposals.

Question on the topic

Consider the following statements

  1. An interim Budget is a complete set of accounts, including both expenditure and receipts.
  2. It made by the government. just before the election.

Select the correct ones

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer: C