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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 2022-23 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
Related Links
Important Economic Terms Related to Union Budget DTAA – Countries Involved, Income Tax Provisions, Benefits
Fiscal Responsibility & Budget Management (FRBM) Act – UPSC Economics Notes Difference between Economic Survey and Union Budget
Goods and Services Tax Council – Background and Composition [UPSC Polity Notes] Previous Years Economy Questions in UPSC Prelims [2013-2021]
Interim Budget – Difference between Interim Budget & Vote-On-Account  Economics Notes For UPSC IAS Examination

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