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Budget — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget3 Marks
Question
Write short note on state government budget.
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Answer

  • Introduction :
    • India's administration is of three levels.
    • So state government has to perform their responsibilities mentioned in constitution.
    • Like central, state government also presents budget, in which expected income and expected expenditures are mentioned.
    • State budget is presented by —state finance ministers. It is essential to get the consent from the representative of the public in the —vidhan sabha for the expected amount to be spent and income for the next financial year.
    • State budget is discussed in the vidhan sabha, in it changes are done and final budget is approved with majority.
    • Like central, state government also implements its approved budget from $1$" April to $31$" March The main difference between union budget and state budget is that union budget has division of expenditure in planned and unplanned expenditure while state government budget is divided into development oriented expense and Non development oriented expenses.
    • In general, the expenditure which gives speed to economic development in a direct way are termed as development oriented expenditure. e.g. Expense on agriculture or irrigation facilities while non-development oriented expenditure affects the long term development in indirect way. e.g. Expenditure on pension.
    • Most of the states of India has the complaint that the responsibilities delegated to them are more as compared to the financial income provided.

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