The country's interim budget will be presented tomorrow i.e. on February 1, 2024. Finance Minister Nirmala Sitharaman will present it in Parliament. Even though this will be an interim budget, the countrymen have great expectations from it. Everyone seems to be finding something for themselves in this budget. Someone wants tax exemption, someone wants the goods to be cheaper etc. However, everyone is hopeful that many big announcements can be made by the government in this interim budget to boost the economy. At the same time, when the Finance Minister will present the budget, during this time she may speak many such words, which may be a little difficult for the common people to understand. But you do not need to worry, because here you can already know the meaning of some such words which can make it easier for you to understand the budget. So let's know what these words are...

Know the meaning of words:-
Interim Budget, as we all know that the interim budget will be presented tomorrow. But many people do not know its meaning. This means that the budget presented before the elections is called an interim budget. The government presents it in the Parliament to manage the financial work required due to elections. At the same time, when a new government is formed, then it presents the full budget.

Non-plan expenditure includes defence, postal deficit, pensions, interest payments, subsidies, loans to public sector undertakings and loans and economic services to states, union territories and foreign governments.

Capital Payment: Whatever payment has to be made by the government to buy any kind of asset is called capital payment.

Budget estimation, you must have seen or you will see during the presentation of the budget tomorrow that when the Finance Minister will present the budget proposal, she will present the account of the income generated through various types of taxes and fees and the expenditure of schemes and other things. All these things mean budget estimation.

Zero budget, this term means that the expenditure or balance of the previous financial year is not carried forward. You should understand it as if the government gave money to the ministry or the MPs for some scheme. At the same time, ministries or MPs are able to spend only a part of the money received. In such a situation, it is not necessary to reallocate the remaining money to them.

(PC: iStock)