Government Budget | Class 12 Economics & CUET UG |Government Budget and the Economy | Macroeconomics
📚 Master the Government Budget in One Shot! Are you preparing for Class 12 Economics board exams or the CUET UG? This video provides a comprehensive breakdown of the Government Budget and the Economy, covering everything from its constitutional definition to the complex debates around fiscal deficits. In this lecture, we simplify the "Annual Financial Statement" (Article 112) and explain how the government allocates resources, redistributes income, and stabilizes the economy. We also dive deep into the components of the budget—Revenue vs. Capital—and analyze the impact of government debt on future generations. Government Budget | Class 12 Economics & CUET UG |Government Budget and the Economy| Macroeconomics By Varsha mam | Himalaya Edu Hub,jaipur 🔍 Key Topics Covered: Meaning & Objectives: Why does the government need a budget? (Allocation, Redistribution, Stabilization) Budget Structure: Understanding Revenue Budget vs. Capital Budget. Receipts & Expenditure: Difference between Tax/Non-Tax Revenue and Revenue/Capital Expenditure. Types of Taxes: Direct Taxes vs. Indirect Taxes (GST). Budget Types: Balanced, Surplus, and Deficit Budgets explained. Fiscal Deficit: Causes, consequences, and the debate on government debt. FRBM Act: How the government manages fiscal discipline. Timestamp: [00:00] Introduction: What is a Government Budget? [00:30] Why do we need a Budget? (Allocation, Redistribution, Stabilization) [01:48] Structure of the Budget & its Official Name (Annual Financial Statement) [03:09] Constitutional Mandate (Article 112) [03:40] Classification: Revenue Budget vs. Capital Budget [04:30] Revenue Receipts: Tax (Direct/Indirect) & Non-Tax Revenue [06:27] Capital Receipts: Debt Creating vs. Non-Debt Creating [07:25] Budget Expenditure: Revenue Expenditure vs. Capital Expenditure [08:47] Types of Budgets: Balanced, Surplus, and Deficit Budget [09:50] Understanding Deficit Budget & Government Debt [11:39] Economic Debates on Government Debt & Future Generations [12:59] Practical Measures: Increasing Revenue & Reducing Expenditure [14:14] Institutional Framework: FRBM Act [15:04] Conclusion: The Budget as a Living Document CUET UG 2026 Books Purchase Now! 🔥 🎯Link:- https://ln.run/IhIii CUET UG 2026 Live Course Enroll Now! 🔥 🎯Link:- https://himalayaeduhub.graphy.com/ Himalaya Edu Hub App Download! 🔥 Android App 🔥 🎯 Link:- https://ln.run/dgJEh IOS App 🔥 🎯 Link:- https://ln.run/HrUlD Join Our Telegram Channel for CUET UG 2026 Latest Update! 🔥 🎯 Link:- https://t.me/himalayaeduhub Join Our Instagram Page for CUET UG 2026 Latest Update! 🔥 🎯 Link:- / himalayaeduhub #class12economics #macroeconomics #economicsclass12 #governmentbudget #boardexampreparation
