The Budget, which will be tabled in Parliament by Finance Minister Nirmala Sitharaman on February 1, 2026, is the Government’s blueprint on expenditure, taxes it plans to levy, and other transactions that affect the economy and lives of citizens.
Ahead of the Budget, here are some of the key terms that shape how public spending and revenues are discussed.
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Budget 2026: Key terms to understand the Union Budget
Budget 2026 key terms explained to help understand government spending, revenues, taxation and economic policies ahead of India’s Union Budget.
