The Finance Ministry has declared that “the work for preparation of interim Budget 2019-20 has already commenced and is now gaining momentum”. Inputs required for the budget speech has already been sought after from different central ministries.

The 2019-20 interim budget would be the last budget of the current BJP-led NDA government before the 2019 general polls. From 3 December, the ministry will impose quarantine, which prohibits the media persons to enter into the North Block, the seat of the country’s Finance Ministry, till the date of presentation of the interim Budget by the finance minister in Parliament on 1 February 2019.

The budgetary exercise for 2019-20 has already begun in which the meetings with the ministries of steel, power, and housing and urban development, among others were held in order to finalise revised expenditure for the current fiscal and projections for the next financial year.

As per practice, a vote-on-account or approval for essential government spending for a limited period is taken in an election year and a full-fledged budget is presented by the new government.

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