Budget Opinion
Amrit Kaal
Nirmala Sitharaman gives us ‘the first Budget of Amrit Kaal’: What does the term mean?
2024 general elections
A Budget for All: Ahead of 2024 general elections, Modi sarkar gets it right
Budget 2023
Union Budget 2023-2024: What are the new income tax slabs and how much tax will you pay?
2023 Budget
Budget 2023: At last, the middle class has been heard
The annual Union Budget, presented by the Finance Minister, is the yearly financial statement that contains the government's revenue and expenditure for a fiscal year. The statement gives details of revenue from all sources, and expenditure on all activities that the government will undertake for the fiscal year. The fiscal year is calculated from 1 April-31 March. The Budget also contains the revenue and capital budget. A revenue budget comprises of all the revenue expenditure and receipts of the government. If the revenue expense is in excess of the receipts, the government suffers a revenue deficit. The capital budget consists of government-related capital receipts and payments. It includes investments in shares, loans and advances granted by the central government to state governments, government companies, corporations and other parties.
