Question

what do you understand by union budget?​

Answer 1

Answer:

According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Union Budget is classified into Revenue Budget and Capital Budget.

Answer 2

Answer:

The Union budget is also referred to as the annual financial statements. It is the statements of the estimated receipts and expenditure of the government for a particular year.

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