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Budget

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08 November 2009 Why Budget is declared late when new government takes charge?

08 November 2009 It is code of conduct enforced by the Election Commission. Usually no policy announcements or changes can be done within 6 months before the elections. Therefore the parliament only passes a Vote on Account to keep expenditure running till new budget is presented after new government is in place. Also the incumbent government may declare a budget that may be difficult for the new government to implement. Therefore it is also a matter of courtesy.

09 November 2009 Thanks alot Brother for sharing your knowledge...




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