What is Budget ?
Meaning of Budget according to google dictionary
a plan of how to spend an amount of money over a particular period of time; the amount of money that is mentioned- व्यवस्थाबद्घ ख़र्च की योजना; बजट, आय-व्यय पत्र; ख़र्च के लिए उल्लेखित या उपलब्ध राशि
a statement by a government saying how much money it plans to spend on particular things in the next year and how it plans to collect money-
वह सरकारी विवरण जिससे अगले वर्ष के लिए सरकार की आय संग्रह तथा व्यय योजना का पता चलता है; सरकार का वार्षिक बजट (प्रायः राशि संग्रह और व्यय के लिए
More Definations
In simple words, the budget is an estimate of income and expenditure for a definite duration
A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money.
Budget of India
In our constitution, article 112 says that it is necessary to present a budget at the Parliament before the beginning of every financial year. It is also known as the annual financial statement ( because it is the statement of the estimated receipts and expenditure of the governent for a particular year ) or Union Budget. The union budget is alloted fo the upcoming fiscal year, which starts from 1st of April and ends on 31st March of the next year.It is presented in Lok Sabha by the Finance Minister.