Are You Searching For Budget of India 2018 Notes & PDF in Hindi and English [Mean What Why]? Here we’ve Uploaded All Detail of Budget 2018 PDF and Notes.
You may be knowing that governments budget in India normally presented in the month of February every year in the parliament. you must have also observed that many days before the budget is presented, there are speculations all round by the people about the expected changes in taxes. Are rates of income tax going to reduce? People generally talk about only those aspects of expected changes in the budget which affect their pockets directly.
It may give an impression that government budget is merely an exercise only in increasing or decreasing rates of taxes. but the fact is that government budget is much more than this. Besides changing tax rates government budget is comprehensive exercises in allocating expenditure and planning the sources of financing this expenditure.
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What is Budget?
A budget is an estimation of revenue and expenses over the specified future period of time. or A budget can be made for a family, business, country or anything else that makes and spend money.
Meaning of Budget?
Budget from French word Bougette, Purse. Generally Refers to a list of all planned expenses and revenues… An annual proposal that outlines the anticipated federal revenue and designates program expenditures for the upcoming fiscal year.
Taylor “a budget is the master financial plan of the government. It brings together estimate and proposed revenue and proposed expenditure for the budgeted years”
What is Union Budget?
The budget is the annual announcement of the government,s fiscal policy changes.it announces the tax changes proposed for the following tax year and also how the government plans to spend the revenue.
It is an instrument for fulfilling the obligation of the states.
It is political statements of the priorities set by the government.
It shows the financial transaction of the year.
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