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Union Budget 2025-26 Video Lecture | Famous Books for UPSC Exam (Summary & Tests)

FAQs on Union Budget 2025-26 Video Lecture - Famous Books for UPSC Exam (Summary & Tests)

1. What is the significance of the Union Budget in the economic framework of a country?

Ans. The Union Budget is a crucial document that outlines the government's financial plan for the upcoming period. It details the expected revenue and expenditure, helping to shape economic policies and priorities. The budget reflects the government's economic strategy, including taxation, public expenditure, and the allocation of resources across various sectors, thus influencing overall economic growth and stability.

2. How does the Union Budget impact various sectors such as health, education, and infrastructure?

Ans. The Union Budget allocates funds to different sectors, thereby directly influencing their development. For instance, increased spending on health can enhance healthcare services, while investments in education can improve literacy and skill development. Similarly, infrastructure spending can lead to improved transportation and utilities, fostering economic growth and enhancing the quality of life for citizens.

3. What are the key components typically included in the Union Budget?

Ans. The Union Budget generally includes several key components: revenue receipts (tax and non-tax revenue), capital receipts (loans and securities), revenue expenditure (government spending on services), and capital expenditure (spending on infrastructure and development projects). Additionally, it often incorporates fiscal policies, subsidies, and allocations for various ministries and welfare schemes.

4. How does the Union Budget influence inflation and fiscal deficit?

Ans. The Union Budget can influence inflation through its fiscal policies. For instance, increased government spending can boost demand, potentially leading to inflation if not matched by supply. On the other hand, if the budget leads to a high fiscal deficit, it may necessitate borrowing, which can affect interest rates and economic stability. The government's approach in managing these factors is critical in maintaining economic health.

5. What role does public feedback play in shaping the Union Budget?

Ans. Public feedback is essential in the budget-making process as it helps the government understand the needs and priorities of its citizens. Engaging with stakeholders, including citizens, businesses, and experts, allows for a more inclusive budget that addresses pressing issues such as poverty alleviation, employment generation, and sustainable development. Public consultations and surveys can significantly influence budget allocations and policy decisions.

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Oct 21, 2025 Last updated

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	Famous Books for UPSC Exam (Summary & Tests) 745 videos\|1444 docs\|633 tests

Famous Books for UPSC Exam (Summary & Tests)

745 videos|1444 docs|633 tests

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