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The Indian budget includes:
revised estimates for the current year
budget estimates for the following year
actual figures of the preceding year
all of these
A Budget is an estimate of outflows and inflows that a Government will incur during a financial year. It consists of actual figures for the preceding year and the budgetary estimate for the current year. For instance, a Budget presented in March 2012 will have the preceding year, i.e. 2011-12’s actual figures and the estimates for 2012-13.
By: Parvesh Mehta ProfileResourcesReport error
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