Union Budget or simply the Budget is a detailed plan of finances that the Indian Finance Ministry created for the upcoming finance year. It is a comprehensive financial statement that displays how the government plans to use its public resources to achieve its various policy goals. It is similar to budgets created by lay man like you and me, with the only difference being its scale.

This year’s Union Budget will be presented on February 1, 2019.

The Narendra Modi-led government broke tradition by presenting last year’s budget on February 1 instead of 28/29 February as it used to done for past many years.