The Union Budget of India is the annual budget of the Republic of India, presented each year by the Finance Minister of India in Parliament. The budget is a statement of accounts that provides details of the revenue earned or expected to be earned, and expenditure the government made in the past year or intends to make in the year ahead.
In accordance with the Constitution of India's Article 112, it is necessary to present a budget at the Parliament before the beginning of every financial year. The Union Budget is allotted for the upcoming fiscal year, which starts on the 1st of April and ends on the 31st of March of the next year.
The Union Budget is indeed crucial as it has a widespread impact on numerous areas. Hence, it is imperative especially for UPSC Civil Services aspirants to have knowledge about what it stands for and its importance.
GS SCORE Union Budget 2023-2024 Analysis and Highlights include all the major points and objectives of the Budget. The summary of the Union Budget also includes expected questions related to UPSC IAS Exam. Aspirants can Download the PDF to boost their preparation for the civil services exam.
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