A government budget can be defined as the statement of the estimated income and expenditure by the government in a given fiscal year. Budgets in India fall under three types -- namely balanced ...

Let’s take a closer look at each type, along with their advantages and disadvantages. Balanced Budget As the name implies, a balanced budget ensures that a government’s estimated expenditures ...

Understanding the Union Budget is key to comprehending a nation's fiscal health and economic strategy. A central concept in ...