With the Lok Sabha elections 2019 due this year, the Budget to be presented today by Finance Minister Piyush Goyal will by referred to as an 'Interim' Budget.
This Budget will essentially be the government's financial plan for three-four months before the government that takes office after the elections prepares a full Budget for 2019-20. The new government will have the freedom to change the Interim Budget estimates when it presents the final Budget. The convention is that in Interim Budgets, presented before the country goes to the polls, the governments of the day avoid major policy announcements or taxation proposals.
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