A user's guide to budget: Know what each document holds

economictimes.indiatimes.com:

Union budget consists of more than a dozen documents. The budget is structured in a way which helps the finance minister present it with clarity and in a detailed manner while also following what the law lays down. Certain documents which are part of the budget are mandatory under the law, such as the Annual Financial Statement, Finance Bill and Fiscal Policy Statements. Many other documents are necessitated for quick and easy understanding of the budget.

Read our full Budget 2024 coverage here
The budget begins with the finance minister's speech which summarises the state of the economy, the projections for the next year, the government's policy focus, and allocations for different departments and ministries. Below are details about other parts of the budget.

Annual Financial Statement
The Annual Financial Statement is mandated by Article 112 of the Constitution of India. It shows the estimated receipts and expenditure of the government for the next financial year along with actual numbers for the current financial year.

• A cheer for economy may keep big Budget splurge away

  Budget can ignore fiscal largesse that doesn't necessarily impact election outcome, says PwC’s Ranen Banerjee

  Budget 2024 Expectations Live: Taxes, EVs, Jobs and more. Here's what to look forward

  What electric two-wheeler makers need from Budget

Demands for Grants
This document contains each ministry's demands for grants or funds it needs for the next financial year. Article 113 mandates that the estimates of expenditure be included in the Annual Financial Statement, be voted by the Lok Sabha, and be submitted in the form of Demands for Grants. The Demands for Grants are presented to the Lok Sabha along with the Annual