Finance Minister Nirmala Sitharaman will present Budget 2021 on February 1, 2021. Budget is simply an annual financial statement or plan of the government, containing details of revenue & expenditure in the past, along with the estimated spending & projections for the following year. Economic survey presented ahead of the budget, is prepared under the guidance of the Chief Economic Advisor to the government of India. Other than the main budget speech, the budget also comprises a set of documents such as finance bill, annual financial statement, the demand for grants as well as the macroeconomic framework. Watch the video to know about the key components of the budget.
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