The Budget Explainer Series
The Union Finance Minister Arun Jaitley presented the first budget of the Narendra Modi-led NDA Government at the Centre.
The budget is a complex document -- high on intent and hope, backed by a diverse range of facts and figures.
To help you understand the budget, find below four Explainer articles that I had written sometime back. Here they are:
- Understanding the Budget - Part I
- Deals with - What is a Fiscal Year? Why is the budget (usually) presented on the late day of February? What is the Economic Survey?
- Understanding the Budget - Part II
- Deals with - What does the Budget consist of? Types of accounts in the budget - Contingency Funds of India, Consolidated Fund of India, and Public Accounts?
- What is Fiscal Deficit?
- Deals with - What is tax revenue and non-tax revenue? When does fiscal deficit arise?
- Adverse effects of Fiscal Deficit
- Deals with - Where does the government of India borrow from? How high fiscal deficit impacts interest rates, reduces business activity and lowers employment generation?
Click here for the highlights of the Union Budget 2014-15.
Please share your comments on the articles.