Union Budget 2024: Decoding Key Terms

Gross Domestic Product (GDP): The Total Market Value Of All Finished Goods And Services Produced Within A Country Over A Specific Period

Budget Estimates: Funds Allocated By The Government To Petricular Initiatives

Fiscal Deficit: The Difference Between The Total Revenue And Total Expenditure Of The Government

Capital Expenditures (CapEx): Funds Allocated For acquiring, Upgrading, And Maintaining Physical Assets Like Property, Plants, Buildings, Technology, Or Equipment

Finance Bill: It Outlines All Amendments Necessary To Implement The Taxation Changes

Goods and Services Tax (GST): It Is An Indirect Tax Imposed On The Supply Of Goods And Services

Inflation: It Refers To The Rate At Which Prices Of Goods And Commodities Rise