It is a detailed account of:- The Govt's finances- Covering revenue sources- Planned expenditures- Fiscal policies- Financial allocations
- Indian Finance Minister presents the Budget in Parliament- Influences taxation- Spending on social programs, infrastructure development, and economic policies
- In the first week of February, Budget is presented- Outlines the financial policies for the next fiscal year- It runs from April 1 to March 31
- The proposal of budget speech takes place in Parliament of India,- It Broadcasts live on national television covers widely through media outlets
It serves multiple purposes such as:-- Revenue generation- Addressing fiscal deficit concerns- Resource allocation for development- Economic stability
Budget is formulated through a consultative process which involves:- Ministries- Department- Stakeholders
- Nirmala Sitharaman is India's Finance Minister since 2019- Oversees the country's economic policies and financial affairs
- Currently she is prepare to present the Union Budget on July 23, 2024- Aiming to steer India's fiscal course regarding global economic challenges