Dear friends ,
The Govt annual budget has to come on this16th March . Lets learn about some basic key terms which used in every year in budget. The govt' annual budget is much more like our household budget the only difference is only jargon .
The budget mainly divided in three parts - Consolidated Fund , Contingency Fund and Public Account .
Each fund has a statement of receipts and expenditure.
CONSOLIDATED FUND : This fund is main fund of the govt's finances . It has all revenues, money
borrowed , receipts from loans and all govt expenditure. All expenditure
made after the Parliament's nod .
CONTINGENCY FUND : This fund is for all unforseen and urgent expenditure which is at the disposal of
the President. The currrent fund value is Rs 500 cr.
PUBLIC ACCOUNT : All money in this fund belongs to others like Public Provident Fund . The govt
is only working as a banker of this fund.
Today I stop here will be soon with you .....
The Govt annual budget has to come on this16th March . Lets learn about some basic key terms which used in every year in budget. The govt' annual budget is much more like our household budget the only difference is only jargon .
The budget mainly divided in three parts - Consolidated Fund , Contingency Fund and Public Account .
Each fund has a statement of receipts and expenditure.
CONSOLIDATED FUND : This fund is main fund of the govt's finances . It has all revenues, money
borrowed , receipts from loans and all govt expenditure. All expenditure
made after the Parliament's nod .
CONTINGENCY FUND : This fund is for all unforseen and urgent expenditure which is at the disposal of
the President. The currrent fund value is Rs 500 cr.
PUBLIC ACCOUNT : All money in this fund belongs to others like Public Provident Fund . The govt
is only working as a banker of this fund.
Today I stop here will be soon with you .....
It seem vital information.Keep writing.....
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