29 February, 2020
3 Min Read
Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Prelims and Mains focus: about the govt’s fiscal deficit target; about various terms used in the budget
News: The fiscal deficit touched 128.5 per cent of the whole-year Budget target during the April-January period.
Budget related terms you should know
An annual financial statement for the Union of India that contains the government's revenue and expenditure for a given fiscal year, the Union Budget is a massive and complex document.
Source: Indian Express
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