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Budget Online : Budget 2008-2009

admin November 28th, 2007

The Union Budget of India, also called the general budget is an Annual Financial Statement which is presented each year on the last day of February by the Finance Minister of India in Parliament. The budget comes into effect after it is passed by the House.

As per Article 112 of the Constitution, budget highlights the receipts and payments of Government which is kept under three accounts :-

  • Consolidated Fund
  • Contingency Fund
  • Public Account

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