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The 2021 Union Budget of India was ... There was huge speculation that government may increase tax rates to decrease its fiscal deficit ... Union Budget 2021-22 ...
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India.It is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on 1 February 2022, as her fourth budget. This is the third budget of Narendra Modi-led NDA government's second term. The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget. [2]
India's current account shifted to a small deficit of $1.7 billion in the October-December quarter from a surplus of $15.1 billion in July-September, the country's central bank said on Wednesday.
Expenditure State Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$33 billion) 2023-24 [1]Arunachal Pradesh ₹ 29,657 crore (US$3.6 billion) 2023-24
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
This sector grew in even 2020-21 and again in 2021–22. Industrial sector, on other hand, did go through a contraction and now it is about 4.1 percent above pre-pandemic levels, he added. India's overall GVA grew by 8.6 percent on year in 2021–22, after contracting 6.2% in 2020–21, PEA Sanjeev Sanyal said.
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. The first budget of India was presented on April 7 1860 by Scotsman James Wilson.