Budget reflects a planned economy. It refers to an estimate of revenue and expenditure for a particular time period. With budget we allocate our resources judiciously for various sectors of the economy.
The ruling government in India lays down the statement of income and expenditure every year, which is declared in the Parliament of India. Finance Minister owes the responsibility of reading out the Budget speech in the Parliament.
The Budget is read out every year on the first day of February.
Click on the link given below and know your Budget of 2018:
Easy explanation of Indian Budget 2018
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