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India recently witnessed the presentation of an interim budget by Finance Minister Nirmala Sitharaman. This marked her sixth budget presentation and served as the final financial plan for the current Lok Sabha term. It's crucial to understand that this budget is a temporary measure. The new government, elected after the 2024 polls, will present a comprehensive annual budget upon assuming office. This article delves into the key differences between interim and annual budgets, explaining their impact on how the government plans and executes its financial activities.
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