Union Budget – A Conceptual Framework

Dr. Y. P. Singh

Union budget is the ‘Brahmastra’ of the Central Government to regulate its revenue income through various means and channelize these resources to different sectors for meeting revenue expenditures as well as capital expenditure. The Governments are said to be representing the aspirations of the people and the nation as a whole. Certain provisions in the budget do stimulate the required change but some others do not meet the expectations. This article is a conceptual framework of the Union budget to examine its different facets and implementing a new economic indicator in place of the traditional ones.