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Learn about the what is the Union Budget in this article for a comprehensive information of its importance.

On February 1, Nirmala Sitharaman, the finance minister, will give her fifth budget, which includes financial data and tax plans for the coming fiscal year 2023–24. 

The much-awaited week is near - FM Nirmala Sitharaman is all set to deliver the budget on February 1 2023. Like every year, much is expected from the budget 

As we come closer to February 1, the chatter around the expectations over Union Budget increases. From young college students looking to start their careers and small business owners to leading economists and industrialists, almost every Indian citizen keeps a tab on the Budget announcement. Let us discuss what is Union Budget and its importance for the economy.

The announcement of the Union Budget is a highly anticipated event before the start of every financial year. From giving an overview of the government’s financial plans and revealing their economic and social priorities the Budget presentation is very insightful. 

The Union Budget is a statement of the government’s total receipts and expenditures for a particular financial year. Every year, the Finance Minister of India announces the Union Budget for the upcoming financial year.