Indian Union Budget (2006-2007)

Budget basically refers to a list of all planned expenses. A budget is an important concept in economy, which uses a budget line to illustrate the trade-offs between two or more entities. It includes revenues, total expenditures, and capital expenditures. In other words budget can be termed as an annual proposal that outlines anticipated revenue and designates program expenditures for the upcoming fiscal year. Union Budget holds special significance in the economic development of any country and below you will find a comprehensive outlay of India’s Current Union Budget.