Decoding the Structure of Indias Union Budget

In the run up to 86th Union Budget of India (including interim budgets) presented in Feb 2016, this is a modest attempt to study and understand the structure of government accounts both on the revenue and expenditure side. The Constitution of India has clearly laid down the entire procedure for prep...

Full description

Saved in:
Bibliographic Details
Published in:Journal of commerce and accounting research 2016, Vol.5 (1)
Main Author: Bhatia, Hitesh I.
Format: Article
Language:English
Subjects:
Accounting
Analysis
Appropriations
Budgets
Constitutions
Estimates
Expenditures
Financial statements
Fiscal policy
State budgets
Studies
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In the run up to 86th Union Budget of India (including interim budgets) presented in Feb 2016, this is a modest attempt to study and understand the structure of government accounts both on the revenue and expenditure side. The Constitution of India has clearly laid down the entire procedure for preparing the Union Budget and recording all the events both on the account of revenue and expenditure. The paper attempts to study the entire process of preparing a Budget in detail. It also studies the method of recording transactions under various major and minor heads. Deficit calculation is an integral part of government Budgets in developing countries. The paper concludes with the discussion on methods and types of Budget Deficits.
ISSN:2277-2146
2277-2146
2320-4990
DOI:10.21863/jcar/2016.5.1.022