Budget 2019: Finance Ministry launches Twitter series 'Know Your Budget'

The Finance Ministry on Tuesday launched a Twitter series. In the wake of upcoming interim budget on February 1, Finance Ministry launched 'Know Your Budget'. 

Seeking to educate general public about the budgetary process, the finance ministry Tuesday started a series on Twitter providing definitions of various terms used in the budget.
The 'Know Your Budget' series, which explains the importance of Union Budget and its making, would continue for about a fortnight.

Reading about the Union Budget, you might have stumbled upon the term ‘Vote-on-Account’. Do you know what it means?#Budget2019 pic.twitter.com/ke7aNJNjuc

— Ministry of Finance (@FinMinIndia) January 15, 2019

The government on February 1 would unveil the interim Budget for 2019-20 as the general elections are due in the next couple of months. The final Budget for the next fiscal would be presented by the new government.

Revenue Budget:

Do you know about ‘Revenue Budget’ and what does it comprise of?#Budget2019 pic.twitter.com/UKPwicBUBd

— Ministry of Finance (@FinMinIndia) January 16, 2019

The series which began on the ministry's Twitter handle on Tuesday explained what is Union Budget and Vote on Account.

Outcome Budget:

Another type of Budget is the ‘Outcome Budget’.
Do you know what it is and what is its importance?#Budget2019 pic.twitter.com/NfHBsHXdu0

— Ministry of Finance (@FinMinIndia) January 16, 2019

The Budget, the ministry explains, "is the most comprehensive report of the government's finances in which revenues from all sources and outlays for all activities are consolidated.

"The Budget also contains estimates of the government's accounts for the next fiscal year called Budget estimates".

Explaining Vote on Account, the ministry said it is a grant made in advance by Parliament for expenditure for a part of the next financial year. 

If you want to know what Railways demanded from Finance Ministry in Budget 2019, click here.