{"id":25684,"date":"2024-07-19T17:35:31","date_gmt":"2024-07-19T12:05:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=25684"},"modified":"2024-07-20T20:53:21","modified_gmt":"2024-07-20T15:23:21","slug":"union-budget-key-terms","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/union-budget-key-terms\/","title":{"rendered":"Union Budget 2024: Explaning Key Terms To Understand"},"content":{"rendered":"

The Union Budget is a statement of estimated receipts and expenditures, called the “Annual Financial Statement’, has to be placed before Parliament for each financial
\nyear.
\nThis Statement is the main budget document. It is an estimate of the Government’s
\nrevenue and expenditure at the end of a fiscal year, which runs from April 1 to March
\n31.
\nA Union Budget is the most comprehensive report of the Government’s finances, in
\nwhich revenues from all sources and outlays to all activities are consolidated. The
\nbudget also contains estimates of the Government’s accounts for the next fiscal,
\ncalled budgeted estimates.<\/p>\n

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