Union Budget for UPSC

The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April. Until 2016 it was presented on the last working day of February by the Finance Minister in Parliament. The budget, which is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India’s financial year. Union Budget for UPSC

An interim budget is not the same as a ‘Vote on Account’. While a ‘Vote on Account’ deals only with the expenditure side of the government’s budget. An interim budget is a complete set of accounts, including both expenditure and receipts. An interim budget gives the complete financial statement, very similar to a full budget. While the law does not disqualify the Union government from introducing tax changes, normally during an election year, successive governments have avoided making any major changes in income tax laws during an interim budget.

Since 1947, there have been a total of 73 annual budgets, 14 interim budgets and four special budgets, or mini-budgets.


To Download PDF Version of Union Budget for UPSC Click on the Years

Union Budget 2021-22

Union Budget 2020-21

Union Budget 2019-20

Union Budget 2019-20 (1)

Union Budget 2018-19

Union Budget 2017-18

Union Budget 2016-17

Union Budget 2015-16

Union Budget 2014-15


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