Economy
What is Union Budget? — Meaning, Definition & Example
Definition
The Union Budget is the Indian government's annual financial statement presented by the Finance Minister in Parliament on February 1. It outlines revenue and expenditure plans, tax proposals, economic policies, and allocations for different sectors. Two parts: Revenue Budget and Capital Budget.
💡 Real Example
In Union Budget 2026, income up to ₹12 lakh was made tax-free under the new regime, benefiting crores of salaried taxpayers.
🇮🇳 Union Budget in Hindi / हिंदी में
केंद्रीय बजट — केंद्रीय बजट वित्त मंत्री द्वारा 1 फरवरी को संसद में प्रस्तुत किया जाने वाला सरकार का वार्षिक वित्तीय विवरण है।
Union Budget (Hinglish) — Union Budget Finance Minister dwara har saal 1 February ko Parliament mein present hota hai. Tax proposals, economic policies, aur sector allocations hoti hain.
❓ Frequently Asked Questions
What is Union Budget in simple words?
The Union Budget is the Indian government's annual financial statement presented by the Finance Minister in Parliament on February 1. It outlines revenue and expenditure plans, tax proposals, economic policies, and allocations for different sectors. Two parts: Revenue Budget and Capital Budget.
Can you give an example of Union Budget?
In Union Budget 2026, income up to ₹12 lakh was made tax-free under the new regime, benefiting crores of salaried taxpayers.
What is Union Budget meaning in Hindi?
In Hindi, Union Budget is called केंद्रीय बजट. केंद्रीय बजट वित्त मंत्री द्वारा 1 फरवरी को संसद में प्रस्तुत किया जाने वाला सरकार का वार्षिक वित्तीय विवरण है।