What are the different types of budgets?

Government budgets in India are of three different types. Surplus budget, balanced budget, and deficit budget are the three different budgets. You can read about the Union Budget 2021-22 Summary in the given link.

Some of the different types of budgets used by companies are sales budget, financial budget, operating budget, marketing budget etc.

Further readings:

  1. Taxation in India – Direct taxes & Indirect Taxes, Features of Taxation System
  2. Revenue Receipts- Tax Revenue and Non-Tax Revenue

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