What is Budget?
A budget is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.
A budget is the sum of money allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them. It may include a budget surplus, providing money for use at a future time, or a deficit in which expenses exceed income.
2.Which time is coming 2020 budget in india?
Budget 2020 date India timings: India Budget 2020 is here and you should not miss the Union Budget 2020 speech. Poeple of India are eagerly waiting for Union Budget 2020.
Union Budget Timings 2020: India Budget 2020 date and time have been announced by the Modi government. Union Finance Minister Nirmala Sitharaman will present Budget 2020 speech in the Parliament on February 1. With barely two days to go for India Budget 2020, the preparations for Budget Speech are in full swing at the Ministry of Finance and Government of India. In the run-up to Budget 2020 presentation, FM Sitharaman and Prime Minister Narendra Modi have held a series of meetings with ministry officials, industry bodies to ponder over issues that may be addressed in Budget 2020 for India. The Finance Ministry had also sought ideas, recommendations, and suggestions for Budget 2020-21 from all stakeholders, including the general public. With two days to go, people still have queries surrounding ‘When is budget’, ‘Budget 2020 India Date’, ‘Budget timings’, ‘Budget Session 2020’, and ‘Budget Speech’. Financial Express Digital is providing you all the details below
Union Budget is an annual exercise. India Budget generally deals with the central government’s finances, its revenues and expenditures. The Union Budget presentation takes place once a year. However, in the year when Lok Sabha elections are due, two budgets are tabled in Parliament. One is an interim budget which is placed ahead of general elections and full-fledged budget which is placed after the Lok Sabha elections. For more details, read What is Union Budget?
3.Who is Nirmala sitharaman?
Union Finance Minister Nirmala Sitharaman will present Budget 2020 speech in the Parliament on February 1. With barely two days to go for India Budget 2020, the preparations for Budget Speech are in full swing at the Ministry of Finance and Government of India.