Budget for Competitive Exams

Part1: Deficits
Fiscal
Deficit
Revenue
Deficit
PD, ERD, BD
ं ा-ाद!
1 ा /ा1ो ज़द Facts4MCQ
 Budget-2024 for Exams

1. Budget औ1 Babushone
2. Budget Intro
P1: Intro & Deficits
3. Deficit formulas & Facts

P2: TAXES
Fiscal Revenue others
Deficit Deficit PD, ERD, BD

P3: Schemes & PPT download available by 3rd Feb

Subsidies when all video parts finished
 २ types of competitive exam aspirants
लO न
+1 ा O
दन उ9ो
J 0ाद
न:I ंएा
.I व: 3 दन
-ा1 /O ं 9,
-ट +ढ़Oा
Budget
Babushone PHD / Bol-bachchan ki J,ा
 Feb /O ं-ट 0ा तो
9 /:IनO 9O 100 9वाल 0O ंO!

100 MCQs
Max 1-2 MCQ from Babushone
each month.
२ types of competitive exam aspirants

+1 ा O लए ा/ 
I :P उतना 1ट लO ंO
Babushone
 What exactly is asked from Budget
IAS EXAM Non-IAS EXAM
concepts
Facts
cause-consequence
Formula
Numbers
अ:ं?0 .त 0ो  .BझO
non-IAS exam दOनA न:A ं:P
@पलO 9?ल
.PनOं Ph.D
पू0 
औ0 ISRO
O/0.Pन नO
पदवAद?न
/?
Mrunal Phd Thesis related to recruitment / training

election year, and E-1 year pe high recruitments.

today s Navbharat
Gujarati Newspaper
1625 Jobs in GPSC
exam calendar
 StatePSC / PSU etc other jobs ear govt
n Y
ke form अव / -0 दOन? c ti o
E le vacancies

if u fail in
prelims

so, if StatePSC delayed &

Govt jobs
conducted after
Jun/July= u can give.
 not all parents are supportive
after Prelims failure

1. daily nagging
2. ridiculing in front of
neighbours/ guests/.
relatives.
3. now u do X thing as 1. pressure to get married.
per our wish. 2. help more in domestic chores
 What exactly is asked from Budget
IAS EXAM Non-IAS EXAM
concepts
Facts
cause-consequence
Formula
Numbers, %
अहंा1 /त 1ो  /JO
non-IAS exam दOनI नहI ंहP
 Budget-2024 for Exams

1. Budget औ1 Babushone
2. Budget Intro
P1: Intro & Deficits
3. Deficit formulas & Facts

P2: TAXES
Fiscal Revenue others
Deficit Deficit PD, ERD, BD

P3: Schemes & PPT download available by 3rd Feb

Subsidies when all video parts finished
 Delhi UPSC Bootcamp in Feb-Week3
/ो ट=O>न
>O01ो ं->ा01
फ़ालतू  टOटOI
only hardcore academic marathon sessions
e.g. Mrunal Win24: Eco Pill1: money, banking,
finance, insurance- imp theories & yearly current
 TARGET
2024
2025
2026
Live Classes by Notes 2.0 Pre & Mains Test CSAT Training as per
Top Educators (DIGITAL) with Evaluation NEW Exam TREND

ICONIC

Daily Answer Writing Daily Curated

Mentorship Notes 2.0 (PRINTED) Tests with Evaluation Content
Mrunal.org

Delhi Bootcamp Mru Eco. Course

Feb Week3 Feb Week4
COMBO
Win24 Eco updates Optional
Feb Week3 Subject
Preparing for UPSC IAS/IPS Exam?

others
1. Prelims GS Course Given Given

Separate
2. Prelims Crash Course Fees
Included

अल 9O
3. CSAT Course पP9? /ो
Included

Separate
4. Mains Course (QEP) Fees
Included

5. Pre Test Series अल 9O

पP9? /ो
Included

Separate
6. Mains Test Series Fees Included
 Budget-2024 for Exams

1. Budget औ1 Babushone
2. Budget Intro
P1: Intro & Deficits
3. Deficit formulas & Facts

P2: TAXES
Fiscal Revenue others
Deficit Deficit PD, ERD, BD

P3: Schemes & PPT download available by 3rd Feb

Subsidies when all video parts finished
 Budget Presentation

Constitution O :9?- 9O

1) टO लO1O O लए
Finance Bill

2) च 11O O लए 9ं @=0?1 /O ं-जट > / ?

Appropriation Bill
उप0ो 1:A ंलO 1
3) :9?- त?-
Annual Financial :1 9?ल @= /ं A ो :9?--
Statement
त?- 11? :ोत? :P
 Budget Presentation

Constitution O :9?- 9O

1) टO लO1O O लए
Finance Bill

2) च 11O O लए
Appropriation Bill Polity ki theory
ल A? त 9O ए लO1?
3) :9?- त?-
Annual Financial उ9/O /P अ.A
ं 0? तो
Statement /B 0 ?/ 1:O ज?ए?।
 Budget Presentation
Constitution O :9ा, 9O
1) टO लOनO O लए
Finance Bill
2) च 1नO O लए
Appropriation Bill
3) :9ा, ता,
Annual Financial
Statement
FRBM stands for
FRBM Act O :9ा, 9O Fiscal
1. Medium Term Fiscal Responsibility
Policy Statement
and Budget
2. Macroeconomic
Framework Statement
Management Act
3. Fiscal Policy Strategy 2003
Statement
4. Medium-term some of these FRBM
Docx not put in Interim
Expenditure Framework
Budget
 Budget Presentation
Constitution O :9ा, 9O
1) टO लOनO O लए
Finance Bill
2) च 1नO O लए
Appropriation Bill
3) :9ा, ता,
Annual Financial
Statement
FRBM Act O :9ा, 9O Other:
1. Gender budget
1. Medium Term Fiscal
2. SC/ST subplan
Policy Statement
2. Macroeconomic 3. Eco. Survey (1
Framework Statement day b4)
3. Fiscal Policy Strategy
Statement
4. Medium-term
Expenditure Framework
ए :ी 9ाल /O ंए 9O 0ादा
,जट 1O जा 9तO :P ं
General Budget
Interim Budget
Railway vs Gen
Budget
Plan-vs-Non Plan
Budget
 Normal Year Mega
announcements
31st Jan 1st Feb
Economic General
Survey Budget
 Suppose 2024 General Budget

opposition parties
0% income tax on middle class can t win election
₹1 lakh cash to poor families :/ जीत :ी न:ी ं
all farm loan waived 9तO +1 तो!
 Normal Year Mega
announcements
31st Jan 1st Feb
Economic General
Survey Budget

चJनाव @O पAलO चJनाव O बाद

no mega Lok Sabha Election Year
announcements

31st
Jan
Economic Interim Economic General
Survey Budget Survey Budget
ELECTION Interim Budget General Budget
YEAR February July

14 pages 43 Pages
2014
Chidambaram Jaitley

22 pages 66 pages
2019
Piyush Goyal N.Sitharaman

28 pages
2024
N.Sitharaman
Interim Budget- Pointers
1. Not required under Constitution.
2. Not binding for the government to
abide by it in letter & spirit e.g.
Int.Budget-2019: PM-KISAN
₹6,000 to farmers = populist
3. If the ruling party is changed, the
new party can come up with new
general budget after election.
 is it election Year चJनावI व? /O ं@1ा1 नO
बड़ 0ोजनाओ ं ो?+ा
नAI ं1नI चा A
interim General @O बजट ो , ं 1/ बजट
budget budget
Aा जा,ा AP

dont do mega schemes can do

announcement
we ll not study opinion/analysis/suggestion
/J 0 प1 ा ,ो
Prelims Sept. /O ंAP ,ब ,
facts general बजट 
Mains जाा @ ल A/
opinion/ interim बजट 
analysis/
suggestion
ना ल @@ नAI ंदOO ंO
 Budget-2024 for Exams

1. Budget और Babushone
2. Budget Types & Parts
P1: Intro & Deficits
3. Deficit formulas & Facts

P2: TAXES
Fiscal Revenue others
Deficit Deficit PD, ERD, BD

P3: Schemes &

Subsidies
 Interim-Budget-2024

Capital (पूंजA बजट)

Revenue Budget (र?ज = बजट)
₹17 Lcr ₹11 Lcr
₹36 Lcr
₹30 Lcr Incoming Outgoing Incoming Outgoing

₹11 Lcr
Gross: 38lcr Tax Non-Tax Interest Debt (16.8) 1. infra/assets
Net: 26Lcr Reciept ₹4 Lcr Reciept repayment 2. Loans given by
Union to
State/Foreign
Internal External Nations
Direct Taxes Indirect Tax 1. Railway / Postal Salaries ₹16.# lakhcr (₹16,000cr) 3. investment by
Corporation 1. GST Tickets etc.
Govt in
Tax, MAT 2. Customs 2. Dividend Non-Debt (₹79,000cr)
share/bonds
Income Tax 3. Excise 3. Interest Earned Grants SE
L

4. Union repaying BA

CGT etc. 4. NCCD 4. Grants

Disinvest- loan loan principal
Subsidies ment recovery
give 41% of this ₹3.8 Lcr ₹50,000cr ₹29,000cr
to State Govts 1. Food (~2lcr)
15th FC
₹12 Lcr 2. Fertilizer (1.64lcr)
NK Singh Grants for capital
3. LPG (11,925 cr)
cess/surcharge not shared assets (₹3.85 Lcr)
 Revenue Budget (र?ज = बजट)

₹36 Lcr
₹30 Lcr Incoming Outgoing

₹11 Lcr
Gross: 38lcr Tax Non-Tax Interest
Net: 26Lcr Reciept ₹4 Lcr Reciept repayment

Direct Taxes Indirect Tax 1. Railway / Postal Salaries

Corporation 1. GST Tickets etc.
Tax, MAT 2. Customs 2. Dividend
Income Tax 3. Excise 3. Interest Earned Grants
CGT etc. 4. NCCD 4. Grants
Subsidies
give 41% of this ₹3.8 Lcr
to State Govts 1. Food (~2lcr)
15th FC
₹12 Lcr 2. Fertilizer (1.64lcr)
NK Singh Grants for capital
3. LPG (11,925 cr)
cess/surcharge not shared assets (₹3.85 Lcr)
 Capital (पूंजA बजट)

₹17 Lcr ₹11 Lcr

Incoming Outgoing

Debt (16.8) 1. infra/assets

2. Loans given by
Union to
State/Foreign
Internal External Nations
₹16.# lakhcr (₹16,000cr) 3. investment by
Govt in
Non-Debt (₹79,000cr)
share/bonds L
SE
4. Union repaying B A

Disinvest- loan loan principal

ment recovery
₹50,000cr ₹29,000cr
Disinvestment @=@न=े>
govt selling its own shares
Budget Estimate 2023
61,000 cr
Revised Estimate
30,000 cr
 Budget Estimate on 2023-Feb-01
i ll give IAS-2023-May (100)
BE:300 Disinvestment @=@न=े>
i ll give CAT-2023-Nov (100)
govt selling its own shares from CPSE
expectation i ll give SSC-2024-Mar (100)

IAS
2023 Budget Estimate 2023
skipped
61,000 cr
CAT
skipped
Revised Estimate
SSC 30,000 cr
2024
Revised Estimate on 2024-Feb-01
i cudnot give IAS-2024-May (100) BE: 300
reality
i cudnot give CAT-2024-Nov (100) RE: 100
i ll give SSC-2024-Mar (100)
 do we have to remember this
BE vs RE data
yes, in past
UPSC asked in CAPF/CDS
goto
indiabudget.gov.in & download
 Interim-Budget-2024

Capital (पूंजA बजट)

Revenue Budget (र?ज = बजट)
₹17 Lcr ₹11 Lcr
₹36 Lcr
₹30 Lcr Incoming Outgoing Incoming Outgoing

₹11 Lcr
Gross: 38lcr Tax Non-Tax Interest Debt (16.8) 1. infra/assets
Net: 26Lcr Reciept ₹4 Lcr Reciept repayment 2. Loans given by
Union to
State/Foreign
Internal External Nations
Direct Taxes Indirect Tax 1. Railway / Postal Salaries ₹16.# lakhcr (₹16,000cr) 3. investment by
Corporation 1. GST Tickets etc.
Govt in
Tax, MAT 2. Customs 2. Dividend Non-Debt (₹79,000cr)
share/bonds
Income Tax 3. Excise 3. Interest Earned Grants SE
L

4. Union repaying BA

CGT etc. 4. NCCD 4. Grants

Disinvest- loan loan principal
Subsidies ment recovery
give 41% of this ₹3.8 Lcr ₹50,000cr ₹29,000cr
to State Govts 1. Food (~2lcr)
15th FC
₹12 Lcr 2. Fertilizer (1.64lcr)
NK Singh Grants for capital
3. LPG (11,925 cr)
cess/surcharge not shared assets (₹3.85 Lcr)
 Budget-2024 for Exams

1. Budget और Babushone
2. Budget Types & Parts
P1: Intro & Deficits
3. Deficit formulas & Facts

P2: TAXES
Fiscal Revenue others
Deficit Deficit PD, ERD, BD

P3: Schemes &

Subsidies
Economy | UPSC
Budget
Money LIVE
Taxation
Banking LECTURE
GST, FC
Finance
Disinvestment
Insurance
Deficit, FRBM Powerpoint

Rapid Revision
Intl. Trade Handouts
Sectors: Agri,Mfg,
BoP, CAD
Services
FTP-2023
GDP,Inflation
NEER-REER Unemployment, Doubt
Resolution

Infrastructure

Mrunal Patel HRD, Poverty, Health,

Edu, SDG Weekly Tests
 LIVE
LECTURE
Language

Powerpoint
English
(with translation for imp
Rapid Revision keywords in Hindi)
Handouts

Doubt
Resolution Weekly Tests
 Night lectures
9PM onwards

1. working professional
2. college students
3. home-markers
 Budget-2024 for Exams

1. Budget और Babushone
2. Budget Types & Parts
P1: Intro & Deficits
3. Deficit formulas & Facts

P2: TAXES
Fiscal Revenue others
Deficit Deficit PD, ERD, BD

P3: Schemes &

Subsidies
FISCAL DEFICIT
 Revenue Budget (1?ज = -जट)
Capital Budget (पूंजA -जट)
Incoming Outgoing
+30 Lcr (-) 36 Lcr Incoming Outgoing
+17 lcr (-) 11 Lcr
Total Expense (36+11)
Red Cell = (-) 47 Lcr
Debt (16.8 Lcr) Non-Debt
(₹79,000cr)
Total Income 30 + 17 Borrowing
Green Cell = (+) 47 Lcr

Budget Deficit (-)47 (+) 47=0 disinvestment loan

recovery
Tamilandu Textbook Total Expense (36+11)
Red Cell = (-) 47 Lcr

Total Income 30 + 17
Green Cell = (+) 47 Lcr

Budget Deficit (-)47 (+) 47=0

+ 16.8 lakh cr (Borrowing)

= 16.8 lakh cr Fiscal Deficit

 NCERT Class12

Total Expense (36+11) = (-) 47 Lcr

so what is ans Total Income 30 + 17 = (+) 47 Lcr

+16.8 Lcr
or Excluding
(-) 16.8 Lcr
Borrowing
(-) 16.8 Lcr
Answer = both are right. Fiscal Deficit - 47 + 47 - 16.8 = -16.8 lcr
depends on MCQ option.
 Salaries
highway etc.
Income Tax, GST,
Railway Ticket, Fiscal Deficit:
Disinvestment Subsidies
₹16.8
etc.

income Expense
₹ 30.# ₹ 47.#

30.# -47.#= ₹16.8 क/ पड़ 1:? :P तो

ं क1 लो
credit card 9O उ/?1 /O ं>ॉ@पग
 Salaries
highway etc.
Income Tax, GST,
Railway Ticket, Fiscal Deficit:
Disinvestment Subsidies
₹16.8
etc.

पB1?0O लो0 क? .A 0?ज

चBक?0? :P ₹11
income Expense
Sr1) Fiscal Deficit 16.8
₹ 30.# ₹ 47.#
Sr2) interest on earlier loans (-)11.9
30.# -47.#= ₹16.8 क/ पड़ 1:? :P तो
Primary Deficit (Sr.1-2) 4.95
ं क1 लो
credit card 9O उ/?1 /O ं>ॉ@पग
 Revenue Budget (1ाज व -जट)

Incoming Outgoing
+30 lcr (-) 36 Lcr

Revenue deficit
= ₹30.# minus ₹36.#
= ₹6.50 Lcr.
= 2.0% of GDP
 Revenue Budget (1ाज व -जट) Capital Budget (पूंजी -जट)

Incoming Outgoing Incoming Outgoing

+30 lcr (-) 36 Lcr +17lcr (-) 11 Lcr

Revenue deficit
= ₹30.# minus ₹36.#
= ₹6.50 Lcr.
Grants for capital assets
= 2.0% of GDP (₹3.85Lcr)
 Revenue Budget (1ाज व -जट) Capital Budget (पूंजी -जट)

Incoming Outgoing Incoming Outgoing

+30 lcr (-) 36 Lcr +17lcr (-) 11 Lcr

Effective Revenue deficit

= Revenue deficit minus purple
= 6.50 - 3.85
= 2.6 lakh crore Grants for capital assets
= 0.8% of GDP (₹3.85Lcr)
Target: the fiscal deficit
below 4.5 per cent of
GDP by 2025-26.

1. 1ाजकोषी0 घाटा

2. 1ाज व घाटा

3. .ावी 1ाज व घाटा

4. ाथ /क घाटा
Fisca
l Glid
<4.5% e- targ
by 20 et
25-26
 Budget-2024 for Exams

1. Budget औ1 Babushone
2. Budget Intro
P1: Intro & Deficits
3. Deficit formulas & Facts

P2: TAXES
Fiscal Revenue others
Deficit Deficit PD, ERD, BD

P3: Schemes & PPT download available by 3rd Feb

Subsidies when all video parts finished
 Delhi UPSC Bootcamp in Feb-Week3
/ो ट=े>न
>े01ो ं->ा01
फ़ालतू क टेटेजी
only hardcore academic marathon sessions
e.g. Mrunal Win24: Eco Pill1: money, banking,
finance, insurance- imp theories & yearly current
 TARGET
2024
2025
2026
Live Classes by Notes 2.0 Pre & Mains Test CSAT Training as per
Top Educators (DIGITAL) with Evaluation NEW Exam TREND

ICONIC

Daily Answer Writing Daily Curated

Mentorship Notes 2.0 (PRINTED) Tests with Evaluation Content
Mrunal.org

Delhi Bootcamp Mru Eco. Course

Feb Week3 Feb Week4
COMBO
Win24 Eco updates Optional
Feb Week3 Subject