Decode Budget 2015-16 With These 10 Terms

BANGALORE: The B-Day is arriving soon and the country expects a reformist budget from Modi’s government that has made its way with a huge majority.

The Union Budget, covering the finances of the country, would be out soon. The statement contains the revenue generated by the government and their expenditure for a financial year.

Imagine, you decide to have a look at the country’s budget and suddenly you notice terms popping up which seem more of alien. These are certain terms that one must know to understand the Union Budget.  

Here are 10 terms that would usually be used in Budget plans, reports Yahoo Finance. So this year when the finance minister Arun Jaitley would deliver his economic prescription, the terms related to finance wouldn’t seem like jargon flying around.

Disinvestment

This economic term refers to the retraction of the funds invested or calling off a fiscal assistance, subsidies, or investment schemes. It is a process of generating money by releasing stake in a company. The assets or subsidies are sold off or liquidated by the government. The fund thus raised is used to meet the normal expenditure of the current government or for aiding special projects. The 2014-15 budget estimated a disinvestment target of 58, 425 crore.
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