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Arun Jaitley cites past interim Budgets to defend tax incentives

Jaitley was also asked if the budgeted projections for 2019-20 were rather optimistic

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Interim Budget 2019

Arup Roychoudhury 

Union Minister Arun Jaitley defended the detailed tax announcements made by Finance Minister Piyush Goyal on Friday, saying that there were precedents in the 2009 and 2014 interim budgets. “Interim Budgets that are presented in the election year seek a Vote on Account for a limited period till the post-election government can decide the further direction of the economy.

However, past precedents have conclusively shown that urgent steps are required in the larger interests of the economy and they can be taken,” Jaitley wrote in a blog on Facebook on Friday ...

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First Published: Sat, February 02 2019. 00:04 IST