Fiscal Policy: Understanding the Union Budget

25 Jul 2026 admin@mycurrentaffairs.com

The Union Budget is the most important economic document of the year. Understand its structure, the difference between capital and revenue expenditure, and the concept of fiscal deficit.

Learn about direct and indirect taxes, the GST structure, and the allocation of funds to various ministries and schemes.

Revise the latest budget highlights and compare them with previous years to identify policy directions and priorities.