How the Government Manages the Nation’s Money

The Government of India presents the Union Budget every year, usually in the month of February. In this budget, it explains what it will spend on, what taxes people will pay and how much it might need to borrow in the coming year. These decisions form the core of India’s fiscal policy.

What Is Fiscal Policy?  Fiscal policy is how the government earns and spends money to manage the country’s economy. It has two main parts: Public Revenue (Government Income): This is the money the government earns, mostly from taxes like income tax, GST and customs duty. It also earns money fro
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