Union budget of India

Annual budget of the Republic of India

The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India. It is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by Department of Expenditure of the public sector, to forecast economic conditions in compliance with government policy.

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