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Government Budget: UPSC Mind Map

Interactive mind map for government budget, covering key concepts, relationships, and facts relevant to UPSC Prelims and Mains preparation.

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Key Concepts in this Mind Map

  • Government Budget in India
  • Definition & Objectives
  • Definition
  • * Annual financial statement
  • * Estimates of receipts & expenditure for a fiscal year (Apr 1 - Mar 31)
  • Objectives
  • * Resource allocation
  • * Reduce income inequalities
  • * Economic stability
  • * Manage public enterprises
  • * Economic growth
  • * Regional development
  • Components
  • Revenue Budget
  • * Relates to current income & expenditure
  • Revenue Receipts
  • * Non-redeemable, non-debt creating
  • * Tax Revenue (Income Tax, Corporate Tax, GST, Customs, Excise)
  • Revenue Expenditure
  • * Does not create assets or reduce liabilities
  • * Interest payments, Defence expenditure, Subsidies, Pensions, Salaries, Grants to states
  • Capital Budget
  • * Relates to assets & liabilities
  • Capital Receipts

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