Essay on union budget

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Definition: According to Article of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Description: Union Budget keeps the account of the government's finances for the fiscal year that runs from 1st April to 31st March. Revenue budget includes the government's revenue receipts and expenditure. There are two kinds of revenue receipts - tax and non-tax revenue. Revenue expenditure is the expenditure incurred on day to day functioning of the government and on various services offered to citizens.
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It is the expected topic for all upcoming exams. Note: Please read the full article and also share it with your friends. I need your support, my friends…. The most special thing about this budget is that for the first time in the history of the country, a paperless Budget is presented. Finance Minister Nirmala Sitharaman has mentioned 6 pillars in the budget emphasizing employment generation through investment in the health and infrastructure sector.
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Post a Comment. Saturday, September 27, The Union Budget. Budget making is the process of projecting expenditure of public money.
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The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April. Until it was presented on the last working day of February by the Finance Minister in Parliament. The budget, which is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year. An interim budget is not the same as a 'Vote on Account'.
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