Budget 2023 notes download PDF

 Budget 2023 notes download PDF 

• The Union Finance Minister Nirmala Sitaraman tabled the Economic Survey for the Financial Year 2023, after the President’s address.
• The Economic Survey 2023 highlighted that India’s economic recovery from the pandemic is complete and the economy is expected to grow in the range of 6% to 6.8% in the coming financial year 2023-24.
• Budget  is the government’s blueprint on expenditure, taxes it plans to levy, and other transactions which affect the economy and lives of citizens.
• According to Article 112 of the Indian Constitution, the Union Budget of a year is referred to as the Annual Financial Statement (AFS).
• The Budget Division of the Department of Economic Affairs in the Finance Ministry is the nodal body responsible for preparing the Budget.

Download pdf economic survey budget 2023

• Components of the Budget: There are three major components—
• expenditure
• receipts and
• deficit indicators.
• Depending on the manner in which they are defined, there can be many classifications and indicators of expenditure, receipts and deficits.