BUDGET – geeksforjobs


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For a developing nation, expenditure> income and, therefore, deficit budget is more profitable

There are three types of budgets:

  1. Surplus budget (income> expenditure)
  2. Balanced Budget (Income = Expenditure)
  3. Low budget (income

Split budgate

  1. Budgetary Reduction: Total Expenditure – Total Income
  2. Financial deficit: budgetary shortfall + debt + other liabilities
  3. Primary Deficit: Fiscal Deficit – Interest Payments

Classification of BUDGET

  1. Gender budget: Budget passed according to male and female
  2. Display budget: Budget passed according to performance
  3. Interim Budget: A budget is passed two or more times in a financial year or specific time period
  4. Zero Budget: This is a new type of budget passed in our Parliament

Highlights of Union Budget 2020-21 are as follows:

Three major budget topics:

  1. Aspirational India: Better standards of living for all sections of society with access to health, educational and better jobs
  2. Economic Development for All: “Sabka Saath, Sabka Saath, Sabka Vikas”

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