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Who prepares annual budget?

The budget is a statement of the estimated receipts and expenditure of the Government of India in a financial year, which begins on 1 April and ends on 31 March of the following year. 

The Budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget. 

Further Reading:

Related Links
UPSC Monthly Current Affairs Magazine Parliamentary Committees
Estimates Committee UPSC Optional Subjects Syllabus
Difference between Interim Budget and Union Budget Union Budget – Important Economic Terms

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