Union Budget Explained: Top 10 Key Facts Every Citizen Should Know

#1 Union Budget is India’s annual financial plan.

#2 It shows government income and spending for one year.

#3 The Budget period runs from April 1 to March 31.

#4 Presented every year in Parliament, usually on February 1.

#5 It has two parts: Revenue Budget and Capital Budget.

#6 Tax rules and income tax slabs are announced here.

#7 Big funds go to health, education, defence, and infrastructure.

#8 Fiscal deficit shows how much the government borrows.

#9 The Budget directly affects prices, jobs, and savings.

#10 Today’s Union Budget is mostly paperless and digital.