Budget 2022-23 Highlights (With Mind Map Notes)

The Union Finance Minister presented the Union Budget 2022-23 on 1st February 2022. The Budget seems to be an effort to promote the digital economy, the fintech sector and technology-enabled development in India. It also made various promises on boosting investment and providing impetus to overall development in the country.

About

  • As per Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the Annual Financial Statement is a statement of the estimated receipts and expenditure of the government for that particular year.
  • The Budget is presented through 14 documents, some of which are mandated by the Constitution of India, while others are explanatory documents.

Why Budget?

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