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Speaking at the CII Global Economic Policy Forum,
Hence the February 1 budget, following the British tradition, is called vote on account.
“No spectacular announcements come in that time (in vote on account). So you will have to wait till after new government comes in and presents next full Budget in July 2024,” Sitharaman said.
On February 1, 2024, Sitharaman will present an interim budget for 2024-25 fiscal, beginning April 1, 2024, in the Lok Sabha.
The interim budget which is also known an a vote on account will allow the incumbent government to undertake expenditures till a new government is formed after general elections.