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Budget Terms and Definitions Form

Budget Terms and Definitions Form

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[Music] when we understand the budget it's important to understand few key terms that get associated with the budget because understanding them in detail help you understand the budget much better let's take the first one fiscal deficit it sounds like a very complex term but it's actually quite simple it's basically your expenses on one side and your income on the other side when the expenses are larger than the income the difference is fiscal deficit fiscal deficit is not necessarily A Bad Thing some economists argue in fact most countries around the world have a fiscal deficit the stock market only does not like it when this term this number is blown out of proportion if it's largely in control it's not necessarily too bad and how is this difference financed this difference deficit is financed by borrowing from The Reserve Bank of India let's take the second term direct taxes direct taxes are taxes on income these are paid by Yo

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