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Budget Glossary: 10 Terms To Know Before The Union Budget Presentation
24 Jan 2023, 02:49 PM IST i

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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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