{"id":71854,"date":"2020-12-02T12:33:45","date_gmt":"2020-12-02T07:03:45","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=71854"},"modified":"2020-12-05T12:42:11","modified_gmt":"2020-12-05T07:12:11","slug":"budget-in-india","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/budget-in-india\/","title":{"rendered":"Budget in India"},"content":{"rendered":"<p>Article 112 of the Constitution refers to the budget as the \u2018annual financial statement\u2019. The budget is a statement of the estimated receipts and expenditure of the Government of India in a financial year, which begins on1 April and ends on 31 March of the following year.<\/p>\n<p>In addition to the estimates of receipts and expenditure the budget contains certain other elements. Overall, the budget contains the following:<\/p>\n<ul>\n<li>Annual Financial Statement (AFS)<\/li>\n<li>Demands for Grants (DG)<\/li>\n<li>Finance Bill<\/li>\n<li>Statements mandated under FRBM Act:\n<ol>\n<li>Macro-Economic Framework Statement<\/li>\n<li>Fiscal Policy Strategy Statement<\/li>\n<li>Medium Term Fiscal Policy Statement<\/li>\n<li>Mid term Expenditure framework statement<\/li>\n<\/ol>\n<\/li>\n<li>Expenditure Budget<\/li>\n<li>Receipts Budget<\/li>\n<li>Expenditure Profile<\/li>\n<li>Memorandum Explaining the Provision in the Financial Bil<\/li>\n<li>Budget at a glance<\/li>\n<li>Outcome Budget<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Article 112 of the Constitution refers to the budget as the \u2018annual financial statement\u2019. The budget is a statement of the estimated receipts and expenditure of the Government of India in a financial year, which begins on1 April and ends on 31 March of the following year. In addition to the estimates of receipts and&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/budget-in-india\/\">Continue reading <span class=\"screen-reader-text\">Budget in India<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-71854","post","type-post","status-publish","format-standard","hentry","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":26,"cached_at":""},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/71854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=71854"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/71854\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=71854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=71854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=71854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}