Budget 2019 last chance for Modi government to 'woo and win' large section of society
JM Financial has predicted a major slippage in the fiscal deficit target. It sees the central government`s fiscal deficit at 3.5 per cent of the GDP instead of the 3.3 per cent target this fiscal. For 2019-20, it sees fiscal deficit at 3.2 per cent as against the government`s target of 3.1 per cent.
While a vote on account seeks approval for the expenditure side only, an interim budget can alter taxes as well. Since 2000, interim budgets have been passed thrice. Image source: PTI