List of Union Budget Articles

The term Union Budget came to the fore because India is the Union of States. The Constitution of India has established the federal form of Government in India. Therefore, it is called the Union of States.

Finance Minister presents the annual Union Budget in the Parliament generally on the last working day of February. The Budget is the most extensive account of the Government finances, in which revenues from all sources and expenses of all activities undertaken are aggregated.

Budget documents are not just numbers. Scrutinising them, one can understand the intention of the government, its priorities, policies and allocation of financial resources, among different regions & industries—which create a sea change in the lives of the people affected by it, Rajkumar Adukia stresses

One of the few sectors for which government announced incentives in the Interim Budget is the seafood exports sector.

The Interim budget that will come on 1st February, 2024 is the budget before the General Elections. Will the government opt for the path of fiscal consolidation and conservatism in this budget? Its fiscal deficit target for FY 24 is 5.9% of GDP. Will it opt for a lower fiscal deficit target in Interim Budget? Budgets just before elections tend to be populist Budgets just […]

The Indian Union Budget is prepared by the Ministry of Finance in consultation with Niti Aayog and other concerned ministries. Also, the Budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the Budget.

When the expenditures of a government are more than its revenues in a given financial year, it is known as fiscal deficit. When the revenues of the government are more than the expenditures, then it is known as fiscal surplus.