UNION BUDGET

2019-2020

Prashant
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Meaning

P.E.Taylor
‘Budget is the master financial plan of the
government. It brings together estimatesof
anticipated revenue and proposed
expenditure for the budgetyears’.
 Budget

Receipts Expenditure

Revenue Capital
Revenue Budget Capital Budget expenditure expenditure

Non Non
Recovery Other Plan
Tax Non tax Borrowings Plan Plan
Receipts Plan
of loans
TYPES OF BUDGET

Balanced budget
Surplus budget
Deficit budget
 Other types of budget

1. Annual Budget, Supplement Budget, Interim

Budget or Long Term Budget.
2. Single or Multiple Budget.
3. Conventional or Cash Budget.
4.Departmental Budget, Performance Budget or
Programme Budget.
MAJOR BUDGETS INCLUDED IN
2019 BUDGETS
 Saubhagya Yojana

free electricity connection to almost every

household.
approximately 50,000 crore per year in electricity bills
of poor and middle class families.
 Women’s development

 More than 70% of the beneficiaries of Pradhan Mantri

MUDRA Yojana are women.
 benefits of Maternity leave of 26 weeks.

 Pradhan Mantri Matru Vandana Yojana for pregnant women

have provided financial support to women while empowering
them to participate in work.
 Tax Proposals
 annual income up to 5 lakhs will get full tax rebate.

 Standard Deduction is being raised from the current

40,000 to 50,000.

 TDS threshold on interest earned on bank/post office

deposits is being raised from 10,000 to 40,000.