Budget 2025: How is the Union Budget prepared? Here are its key components and the process
Finance Minister Nirmala Sitharaman is likely to present the annual budget 2025, her eighth consecutive Union Budget, on February 1.
The annual budget details the planned expenditures and revenues for the fiscal year, which runs from April 1 to March 31. Expenditures cover areas such as public welfare programs, imports, military funding, salaries, pensions, and debt interest. Revenue is generated through taxes, public sector enterprises, government borrowing via bonds, and other sources.
Key Components of the Budget
A government budget primarily focuses on:
- Expenditures: Public welfare programs, defense funding, salaries, pensions, interest on debts, and imports.
- Revenue: Generated through tax collections, public sector business operations, borrowings (e.g., government bonds), and other sources.
How is the Union Budget Prepared?
Entrepreneurship
Crafting a Powerful Startup Value Proposition
By — Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Artificial Intelligence(AI)
Learn InVideo AI: Create Videos from Text Easily
By — Prince Patni, Software Developer (BI, Data Science)
Web Development
Maximizing Developer Productivity: The Pomodoro Technique in Practice
By — Prince Patni, Software Developer (BI, Data Science)
Web Development
Advanced C++ Mastery: OOPs and Template Techniques
By — Metla Sudha Sekhar, IT Specialist and Developer
Web Development
C++ Fundamentals for Absolute Beginners
By — Metla Sudha Sekhar, IT Specialist and Developer
Strategy
ESG and Business Sustainability Strategy
By —
