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Finance Ministry Is Running A Twitter Series On Budget Basics

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In order to educate the country general public ahead of the budget presentation set for 1 February, the Ministry of Finance has started a 'Know Your Budget' series on Twitter. Using its official Twitter handle, the ministry has been providing the definition of some the basic yet important aspects of understanding the significance and making of the Union Budget. The series is set to be continued for at least a fortnight.

Finance Ministry Is Running A Twitter Series On Budget Basics
 

On 1 February, an interim budget, also known as a vote-on-account budget, will be presented by the interim finance minister Piyush Goyal, in the absence of Arun Jaitley who is away for his health treatment. The full budget for the financial year 2019-10 will be prepared and presented after the general assembly elections by the new government.

The series of tweets are being posted for close to 10 days now. Here are some of the definitions provided by the ministry:

What is Union Budget?

What is Vote on Account?

 

What is Capital Budget?

What is Outcome Budget?

What is Revenue Budget?

What is Finance Bill?

What is Guillotine?

What are Cut Motions?

Read more about: interim budget 2019
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