Union budget of India

Common card · No. 337122

The Union Budget of India, also known as the Annual Financial Statement under Article 112 of the Indian Constitution, is the country's annual financial plan prepared by the Ministry of Finance. It outlines the government's expected revenues, collected by the Department of Revenue, and planned expenditures, managed by the Department of Expenditure. The budget serves as a financial blueprint for the upcoming fiscal year, forecasting economic conditions and aligning the Government of India's spending with its policy objectives. The Government of India presents the Union Budget on the first day of February to ensure its implementation before the commencement of the new financial year in April. Prior to 2017, the budget was presented by the Finance Minister in the Parliament on the last working day of February. The Budget Division of the Department of Economic Affairs, within the Ministry of Finance, is the primary body responsible for preparing the budget. The Union Budget is presented through...

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