Mumbai: As Budget is round the corner, Ministry of Finance via its Twitter handle @FinMinIndia has been posting Budget related terminologies for raising awareness.
Here is a compilation of terminologies tweeted so far:
1) What is Union Budget?
As Union Budget is round the corner, we come across so many terms which leave us puzzled. So via “Know Your Budget” Series, we aim to assist you in enhancing your Budget Vocabulary.
Before diving into details of Budget,let us first understand what a ‘Union Budget’ is? #Budget2019 pic.twitter.com/o0UdDOfuL8— Ministry of Finance (@FinMinIndia) January 15, 2019
2) What is Vote on Account?
Reading about the Union Budget, you might have stumbled upon the term ‘Vote-on-Account’. Do you know what it means?#Budget2019 pic.twitter.com/ke7aNJNjuc
— Ministry of Finance (@FinMinIndia) January 15, 2019
3) What is Capital Budget?
Capital Budget:
Yesterday we gave a glimpse of what is ‘Union Budget’ and ‘Vote on Account’. Let’s move forward and see what the other types of Budget are.
What is a ‘Capital Budget’?
#Budget2019 pic.twitter.com/nolw5zojQ0
— Ministry of Finance (@FinMinIndia) January 16, 2019
4) What is Revenue Budget?
Revenue Budget:
Do you know about ‘Revenue Budget’ and what does it comprise of?#Budget2019 pic.twitter.com/UKPwicBUBd
— Ministry of Finance (@FinMinIndia) January 16, 2019
5) What is Outcome Budget?
Outcome Budget:
Another type of Budget is the ‘Outcome Budget’.
Do you know what it is and what is its importance?#Budget2019 pic.twitter.com/NfHBsHXdu0— Ministry of Finance (@FinMinIndia) January 16, 2019
6) What are Direct and Indirect Taxes?
Tax structure in India is divided mainly into Direct & Indirect Taxes. In the last 4 years, the present Government has undertaken multiple Tax Policy & Process Simplification Reforms to have greater predictability, transparency, fairness & automation among others. #Budget2019 pic.twitter.com/OT06OsPwfL
— Ministry of Finance (@FinMinIndia) January 17, 2019
