GOVERNMENT BUDGETING | MINDMAPS | ECONOMY | UPSC CSE скачать в хорошем качестве

GOVERNMENT BUDGETING | MINDMAPS | ECONOMY | UPSC CSE

GOVERNMENT BUDGETING | MINDMAPS | ECONOMY | UPSC CSE The Annual Financial Statement! 📜 In this mindmap video for UPSC CSE, we decode the massive **Government Budget**. It’s not just numbers; it’s the government’s policy statement for the year ahead. We break down the constitutional provisions (Art. 112), the difference between *Revenue* and *Capital* budgets, and the critical *Deficit* indicators (Fiscal, Revenue, Effective Revenue, Primary). 📜 *Video Mindmap: Government Budgeting* ► *1. Constitutional Provisions (High Yield)* • *Article 112:* "Annual Financial Statement" (The word "Budget" is NOT in the Constitution). • *Article 113:* Demand for Grants. • *Article 114:* Appropriation Bill (Withdrawal from Consolidated Fund). • *Article 110:* Money Bill. ► *2. Budget Components (The Structure)* • *Revenue Budget:* Recurring (Salaries, Pensions, Subsidies). "Consumption" expenditure. 📉 • *Capital Budget:* Assets/Liabilities (Building Roads, Loans taken/given). "Investment" expenditure. 🏗️ • *Rule:* Revenue Receipts should ideally cover Revenue Expenditure. If not ➡ Revenue Deficit. ► *3. Types of Deficits (The Health Check)* • *Fiscal Deficit:* Total Expenditure - Total Receipts (excluding borrowings). • Meaning: It shows the Total Borrowing Requirement of the Govt. • *Revenue Deficit:* Revenue Exp - Revenue Receipts. • *Effective Revenue Deficit:* Revenue Deficit - Grants for Creation of Capital Assets. • *Primary Deficit:* Fiscal Deficit - Interest Payments. • Meaning: It shows the deficit purely due to current year's policies (ignoring past debt burden). ► *4. Key Terms* • *Vote on Account:* Permission to withdraw money for 2 months (until the full budget is passed). • *Interim Budget:* A full budget presented in an election year (valid for a few months). • *Guillotine:* Passing all outstanding demands for grants without discussion on the last day. ⏱️ This video is essential for understanding the Economic Survey and the Union Budget speech. 🔔 *Subscribe* for the next video on Taxation (Direct vs. Indirect Taxes)! Download the High-Res Mindmap PDF: [Your Telegram Link] *Related Playlists:* ► Indian Economy (Complete Series): [Link] ► Economy Mindmaps: [Link] #GovernmentBudget #FiscalDeficit #RevenueDeficit #PrimaryDeficit #Article112 #VoteOnAccount #MoneyBill #FinanceBill #UPSC #Economy #EffectiveRevenueDeficit #FRBMAct