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The budget is an annual financial revenue which the government had done in the past, and it will contain all the estimated expenses and projection which the government is plan for current year which is in the year 2019 – 2020.

In the budget the government represent the detailing of the financial expenses and there plan to spend them for the current year. And these impact the stock market and end users life. In this government also plan to deploy the asset and raise more revenue. And these budget government will take full support from the private sector to generate more capital and avail more job so that the revenue grow fast and help government for growth.

Now the ministry of finance has a plan in place but to represent it in full fledge the ministry has started using social media like Twitter series, as mode of contact for getting the suggestion from people what points they have for this year budget.

Now when it comes to budget few question comes into our mind:

       1. When was the first general budget been introduced?

>The answer to this will be 26th November 1947 these was the date when the first general budget been introduced.

       2. The second question comes is what do you mean by Budgeted Estimates?

>The report provided by the government`s finances in which revenues from all sources and all activities are consolidated which result  estimated account for current fiscal year.

        3. There are certain questions raise on the twitter for the finance ministry:

#GeneralBudget2019 Today’s Question: When the Govt’s Non-borrowed Receipts fall short of its entire expenditure, it has to borrow money from public to meet the shortfall. The excess of total expenditure over total Non-borrowed Receipts is called the ­­____@nsitharamanoffc

— Ministry of Finance (@FinMinIndia) June 21, 2019

>>When the government’s non-borrowed receipts fall short of its entire expenditure, it has to borrow money from public to meet the shortfall. The excess of total expenditure over total non-borrowed receipts is called the fiscal deficit.

#GeneralBudget2019 Today’s Question: It is the Govt’s actions with respect to aggregate levels of revenue and spending. ­­It is implemented though the Budget and is the primary means by which the Govt. can influence the economy. What is it?@nsitharamanoffc@PIB_India@MIB_India

— Ministry of Finance (@FinMinIndia) June 22, 2019

>> Fiscal policy is the government’s actions with respect to aggregate levels of revenue and spending. It is implemented though the Budget and is the primary means by which the government can influence the economy.

By Edward Ng

Result driven and seasoned IT executive with over 20 years of management and leadership experience inside Hospitality and Healthcare industry.I strategically plan and execute large scale IT projects to help position organizations for current and future success

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