![Union Budget | Updated July 27, 2024 Everything You Need To Know About](https://99notes.in/wp-content/uploads/2024/06/image-80-66667d399eb66-1024x419.webp)
Union Budget
![Union Budget | Updated July 27, 2024 Everything You Need To Know About](https://99notes.in/wp-content/uploads/2024/06/union-budget-2024-25-6666ca29780d0.webp)
Union Budget 2024-2025
Since it is an election year, the government has not produced full budget but has produced an Interim Budget. In such a situation, generally, the budget is passed by Vote on account under the provisions of Article 116.
![Union Budget | Updated July 27, 2024 Everything You Need To Know About](https://99notes.in/wp-content/uploads/2024/06/union-budget-2023-24-6666ca2b71ae9.webp)
Union Budget 2023-2024
The term Budget is a generic statement given to a number of documents, which includes the Annual Financial Statement. Article 112 makes it a constitutional obligation upon the Government to lay a statement of the estimated receipts and expenditures in the Parliament.