Indian Annual Budgets: A review with special reference to Budget 2018
Pooja Patil*(Assistant Professor, Dr. D. Y. Patil B-School, Pune, Maharashtra, India), Amol Gawande (Associate Professor, Global Business School and Research Centre, Pune, Maharashtra, India) and Akarshit Singh (Student, Dr. D. Y. Patil B-School, Pune, Maharashtra, India) *Corresponding author's Email
Patil, Pooja; Gawande, Amol and Singh, Akarshit (2018), "Indian Annual Budgets: A review with special reference to Budget 2018", MERC Global’s International Journal of Management, Vol. 6, Issue 4, pp. 192-195.
Submitted: June 29, 2018, Revision received: August 10, 2018, Accepted: August 22, 2018
The government's annual budget states its priorities. It is an extensive financial statement of the money received and the expenditures over a year. It is imperative to decode the government's annual budget policy as it is linked to improving the quality of life of its citizens. This review has illustrated that India's annual budget concentrates more on the defence sector than health and education. It needs to come up with better strategies to counter its fiscal deficit
Government, Annual budget, Taxes.
14th Finance Commission, 2015-20(2015), Government of India, Ministry Of Finance, Press Information Bureau.
Bhatia, H.L. (2016), “Decoding the Structure of India's Union Budget”, Journal of Commerce and Accounting Research, Vol. 5(1).
Das, S. (2007), Let's Talk About the Budget. Centre for Budget and Governance Accountability.
Harris, G.; Kelly M., and Pranowo (1988), “Trade-offs between Defence and Education/Health Expenditures in Developing Countries”, Journal of Peace Research, Vol. 25(2).
Lok Sabha Secretariat (2018), Brochure on Departmentally Related Standing Committees.
Rubin, M. M. and Bartle, J. R. (2005), “Integrating Gender into Government Budgets: A New Perspective”, Public Administration Review, Vol. 65(3), pp. 259-272.
Sarr, B. (2015), Credibility and Reliability of Government Budgets: Does Fiscal Transparency Matter? Working Papers: In-Depth research on budget transparency, participation, and accountability. International Budget Partnership.
Sharp, R. (2003), Budgeting for equity: Gender Budget Initiatives within a Framework of Performance-Oriented Budgeting. New York: U.N. Development Fund for Women.
Sundaram, T.; Mukhopadhyay, I. and Muraleedharan, V. R. (2016), “No Respite for Public Health”, Economic & Political Weekly, 16.
Union Budget (2018), How Modi government can create more jobs? Here is the answer, “The Financial Express”, New Delhi.www.indiagudget.gov.in 10.
Walke, S. G. and Kumar, Atul (2017), “Financial Analysis of Agritourism Operations: A Case Study”, MERC Global’s International Journal of Management, Vol. 5, Issue 4: October, pp. 136-142