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Beginners Guide To Union Budget: A Financial Document For The Year Ahead

The Union Budget is an essential part of India's economic planning, affecting everything from government spending to public services.
The article from NDTV provides a comprehensive beginner's guide to understanding the Union Budget of India, which is essentially a financial document outlining the government's revenue and expenditure for the upcoming fiscal year. It explains that the Budget is presented annually by the Finance Minister in the Parliament, detailing how the government plans to allocate funds across various sectors like education, health, defense, and infrastructure. The guide covers key components such as revenue receipts (taxes, non-tax revenues), capital receipts (borrowings, disinvestment), and expenditure (revenue and capital). It also discusses the significance of the Budget in terms of economic policy, fiscal deficit, and its impact on the economy, inflation, and public welfare. Additionally, the article touches upon the Budget's role in signaling policy directions, economic reforms, and its influence on financial markets, offering insights into terms like fiscal deficit, revenue deficit, and primary deficit, making it an essential read for anyone looking to understand India's economic planning and financial health.

Read the Full NDTV Article at:
[ https://www.ndtv.com/business-news/union-budget-2025-beginners-guide-to-union-budget-a-financial-document-for-the-year-ahead-7486346 ]