The Union Budget is presented for which period?
Financial year from April to March
Under Article 112 of the Constitution, the Union Budget is the 'Annual Financial Statement', i.e. the estimated receipts and expenditure of the Government of India for a financial year.
India's financial (fiscal) year runs from 1 April to 31 March of the following year. The Budget is now presented on 1 February so that it can be passed before the year begins on 1 April.
India does not follow a January-December calendar year or a July-June year for its government accounts.
Hence, the Union Budget is presented for the financial year from April to March.
Important Questions from Budget
The first Economic Survey of India was presented in ______.
As announced in the Union Budget of FY 2022, how many pilot projects are to be set up for coal gasification?
What is the approximate amount to be mobilised for the National Highways Network expansion as per the Union Budget 2022-23?
Which of the following budget was primarily focused on the I.T sector and promoting India as a major software hub?
What name did the Delhi government give to the annual financial statement "Budget" in the year 2021?
