Question

Explain the meaning of budget?

Answer 1

The budget is a financial statement that details the government's projected income and expenses for the upcoming fiscal year. A financial year in India lasts for 12 months, beginning on April 1st and ending on March 31st of the following year. The word "budget" comes from the French word "bougette," which refers to a wallet or bag that holds financial projections for government revenue and expenditure.