The Central (Union) Budget is the Indian government’s annual financial plan presented by the Finance Minister. It outlines the government’s objectives, sources of income such as taxes and non-tax revenue, and planned spending on welfare, infrastructure, education, and defence. The budget also explains key deficits like Fiscal Deficit, Revenue Deficit, and Primary Deficit, which indicate financial health. It directly impacts common people through tax changes, subsidies, prices, jobs, and schemes. The Central Budget is important for citizens, students, farmers, businesses, and policymakers as it shapes India’s economic direction.
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