Budget in A Minute: What is Union Budget? Zee Business Managing Editor Anil Singhvi explains

Budget in A Minute: Wondering what a Union Budget is? Zee Business Managing Editor Anil Singhvi explains what a budget is in just one minute and in a very simple language. A Budget is the “sum total” of the income and expenditure, the Market Guru tells. In a common man's parlance, it is like a budget that we we make for our homes...how much we earn...how much will be spent and how much we will save. 

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The only difference is that you make budget for your homes and the government makes it for the entire country. Another difference is that when you make a budget for your home, your expenses are lower than your incomes as you always try to save some money. But, in a Union budget, the expenses are usually more than the government income. So where does the extra money come from? 

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1 मिनट में अनिल सिंघवी से समझिए क्या होता है यूनियन बजट (Union Budget)?#BudgetOnZee #Budget2021 #UnionBudget2021 @AnilSinghvi_ pic.twitter.com/NTlNSDDTdz

— Zee Business (@ZeeBusiness) January 12, 2021

The government takes loans and which is why we call it a loss-making budget. Union budget is a sum total of a country's expenditure and its income. 

Finance Minister Nirmala Sitharaman will be presenting the Budget 2021 on 1 February.