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What exactly is Union Budget? MintGenie explains


Union Budget is the financial blueprint of the revenue and expenditure plan of the Indian government for the year.


It is constitutionally mandatory under Article 112 for the budget to be presented every year on 1st February.

It estimates the economy’s prospective growth and reflects the government's priorities and plan of action.

After the presentation of the budget, it can be classified as a balanced, deficit or a surplus budget.

The Union Budget facilitates transparency and also aids in equitable distribution of income.


It allows the public to keep a check on the materialization of the Government’s plans and promises.

It releases the tax regime for the year and gives an idea of how prices of commodities will be affected.


Click here to know more about the Union Budget.

Check here for more budget related stories.


What exactly is Union Budget? MintGenie explains

The Union Budget is the framework for the Government's income and expenditure for a fiscal year. It is divided into two parts: capital budget and revenue budget. Let us go through the article to know more about the Union Budget.

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What exactly is Union Budget? MintGenie explains

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