Interim Budget is presented by the incumbent government in its last year in office, with the general elections due to be held during the upcoming financial year.
This Budget is not for the entire year but for a short period of time, that is, the transitory period between two governments.
By practice, the interim Budget does not contain major policy decisions that is likely to affect the expenditure of the next government. However, if the interim Budget is presented before the announcement of dates of the general election, the government is free to announce any policy decisions through it.