‘Know Your Budget’

  • Seeking to educate general public about the budgetary process, the finance ministry Tuesday started a series on Twitter providing definitions of various terms used in the budget.
  • The ‘Know Your Budget’ series, which explains the importance of Union Budget and its making, would continue for about a fortnight.
  • The government on February 1 would unveil the interim Budget for 2019-20 as the general elections are due in the next couple of months. The final Budget for the next fiscal would be presented by the new government.
  • The Budget, the ministry explains, “is the most comprehensive report of the government’s finances in which revenues from all sources and outlays for all activities are consolidated.
  • “The Budget also contains estimates of the government’s accounts for the next fiscal year called Budget estimates”.

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