Скачать или смотреть Differences Between Union and State Budgets | IIC Lakshya English

State budget and union budgets are the two main budgets in our budget system. Every year, the central government presents an annual financial statement known as the Union Budget. A key section of the Union Budget is revenue generation. The government estimates how much money it will accumulate from different sources including and, profits the government earns from public enterprises or interest payments on loans. On the other hand, the expenditure segment shows where this money is to be spent. This includes defense, infrastructure, healthcare, education, and social welfare programs. Wanna know more about the state budget and union budget? Watch this video till the end.

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