Question

Distinguish between the Union budget and State budget.

Answer 1

Sr. No.	Basis	Union Budget	State Budget
1.	Prepared by	The Union Budget is prepared by the Central Government of India.	The State Budget is prepared by the Government of a specific state.
2.	Scope	The Union Budget covers the finances of the entire country, including all states and union territories.	The State Budget covers the finances of only a particular state.
3.	Merger of Budgets	The Railways Budget has been merged with the General Budget of India since the financial year 2018-19.	There is no such merger of budgets at the state level; each state's budget is prepared and presented separately.
4.	Example	An example of a Union Budget is the Budget of India, which is presented annually by the Finance Minister.	Examples of State Budgets include the Budget of Delhi, the Budget of Tamil Nadu, and the Budget of Maharashtra.
5.	Focus	The Union Budget focuses on national development, defense, foreign affairs, infrastructure, and economic policy.	The State Budget focuses on state-level development, including areas such as education, health, local infrastructure, and welfare schemes.