Budget Explainer: The budget reflects the government s priorities, economic growth, human development, and technological progress. It allocates money to different ministries and departments, indicating the government s commitment to various sectors. Capital expenditure promotes economic growth, while subsidies and freebies focus on political objectives and stimulating consumption.
Budget 2024: The annual budget is presented by the Union Finance Minister in the Lok Sabha on February 1. Here s how the financial document is prepared.