Rajasthan Interim Budget | 10 Feb 2024

Why in News?

Recently, the interim budget was presented by the Rajasthan Finance Minister Diya Kumari, who is also one of the two Deputy Chief Ministers of the state.

Key Points

  • State’s FM announced ₹1,000 crore to establish, upgrade schools, colleges, hospitals in Assembly constituencies. She also announced CM Vishwakarma Pension scheme for laborers and street vendors.
  • The budget also announced the Mukhyamantri Jal Swavlamban Abhiyan-2, a scheme to create 5 lakh water harvesting structures in 20,000 villages in the next four years, with a provision of Rs 11,200 crore.
  • The budget proposed to recruit 70,000 posts in various departments to fill the vacancies and provide employment opportunities.

Interim Budget

  • An Interim Budget is presented by a government that is going through a transition period or is in its last year in office ahead of general elections.
  • The purpose of the interim budget is to ensure the continuity of government expenditure and essential services until the new government can present a full-fledged budget after taking office.

Vote on Account

  • A vote on account, as defined by Article 116 of the Indian Constitution, is a grant in advance for the central government to meet short-term expenditure needs from the Consolidated Fund of India, generally lasting for a few months till the new financial year.