Government Budget and Its Components

This project is submitted in partial fulfillment of the requirements for Class 12 Economics.

Prepared by: [Your Name]

Class: 12

School: [Your School Name]

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.
**Introduction**

A government budget is a financial statement that provides a detailed estimate of government

revenue and expenditure for a fiscal year. It serves as a policy document and reflects the priorities of

the government.

**Components of Government Budget**

1. **Revenue Budget**

- Revenue Receipts: Taxes (direct and indirect) and non-tax revenue.

- Revenue Expenditure: Includes expenditure on administration, subsidies, and interest payments.

2. **Capital Budget**

- Capital Receipts: Loans, borrowings, and sale of assets.

- Capital Expenditure: Developmental projects, investments, and asset creation.

**Objectives of Government Budget**

- Allocation of Resources

- Economic Stability

- Redistribution of Income

- Growth and Development

**Types of Budgets**

1. Balanced Budget

2. Surplus Budget

3. Deficit Budget
**Budget Deficit**

1. Revenue Deficit: Revenue expenditure exceeds revenue receipts.

2. Fiscal Deficit: Total expenditure exceeds total receipts (excluding borrowings).

3. Primary Deficit: Fiscal deficit minus interest payments.

**Significance of Government Budget**

- Promotes Social Welfare

- Reduces Income Inequality

- Corrects Regional Disparities

**Case Study**: Analysis of India's Union Budget (mention recent data or examples).

**Conclusion**

The government budget plays a vital role in the economic development of a nation. It ensures

resource allocation, economic stability, and growth.

**Acknowledgment**

I sincerely thank my teacher and classmates for their guidance and support in completing this

project.