Interim Budget 2024: Finance Minister Nirmala Sitharaman unveiled the interim budget on Thursday, addressing the financial needs for the interim period until a new government is formed after the Lok Sabha polls. An interim budget, being a provisional measure, usually lacks in-depth policy considerations and primarily allocates funds for essential government operations over a short duration. Consequently, it typically undergoes less scrutiny and debate in Parliament. In contrast, the annual Union Budget is a comprehensive financial plan covering all aspects of expenditure, fund allocation, and revenue generation for the entire fiscal year. The Lok Sabha elections are scheduled for this year.