Kritika Handa
Fiscal deficit is the shortfall when the government spends more than it earns. This affects the economy and budget planning.
GDP growth forecast predicts how the economy will perform. It guides the government's budget decisions and strategies for the year.
Direct taxes are paid directly by individuals, like income tax. Indirect taxes, such as GST, are on goods and services, impacting the finances in the budget.
Inflation rate measures the rise in prices. It influences budget planning decisions and your purchasing power in the upcoming the budget.
They are financial aid from the government to specific sectors. They play a vital role in budget allocations for different areas in the budget.
Capital expenditure is for long-term assets like infrastructure, while revenue expenditure covers daily expenses.