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Budget Glossary: 10 Terms To Know Before The Union Budget Presentation

The Union Budget is set to be presented at around 11 am. (Representational)
The Union Budget is set to be presented at around 11 am. (Representational)
Fiscal Deficit: Fiscal deficit happens when the government's spending exceeds its non-borrowed income during the fiscal year. This indicates the total amount of borrowing needed by the government. Revenue Deficit: Revenue deficit is the difference between the government's spending on day-to-day operations and its total income from taxes and other sources. It is an important measure of the government's financial health, indicating ...
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