Budget 2019: Here Are 5 Important Facts To Know

INSUBCONTINENT EXCLUSIVE:
Budget 2019: The first General Budget of Independent India was presented on November 26, 1947.The government is due to present full-year
The budget is an annual financial statement of a government, detailing its revenue and expenditure in the past, as well as estimated
spending and projections for the time to come
The ministry has started a Twitter series quizzing audiences related to Budget
A similar initiative was taken earlier as well by the ministry
The first General Budget of Independent India was presented on November 26, 1947.2
Union Budget is the most comprehensive report of the government's finances in which revenues from all sources and outlays for all
activities are consolidated
non-borrowed receipts fall short of its entire expenditure, it has to borrow money from public to meet the shortfall
The excess of total expenditure over total non-borrowed receipts is called the fiscal deficit.4
Fiscal policy is the government's actions with respect to aggregate levels of revenue and spending
Inflation is a sustained increase in the general price level.Get Breaking news, live coverage, and Latest News from India and around the
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