Budget Terms and Definitions Form

Instructions and help about Budget Terms And Definitions

[Music] foreign [Music] welcome to moneycontrol.com so what is a budget budget is essentially a fiscal policy just the way the RBI comes out with a monetary policy budget is a fiscal policy that outlines the spending and the revenue for the government the budget is essentially a document where the government puts out where it will spend the money that it gets from different sources that is the revenues it will earn now your first ready reckoner to what the budget means is to look at budget at a glance that's part of the finance Minister's speech so you look at budget at a glance where you will have you'll have different columns so you look at actual figures you look at budget estimates and you look at revised estimates now what's the difference between actual figures budget estimates and revised estimates actual figures is the money that has actually been spent budget figures is actually the money that was budgeted now this typically happens you know depending on the calculations and d