Budget is just one more day on our calendar
The budget is a statement of income and expenditure of the government. In case of our government, the expenses are always much higher than the income! We are in elegant company – even most of the “developed” economies are shining beacons of profligacy… so we are in good company!
Income for the government is primarily by way of direct and indirect taxes, customs duties, cess, non-tax receipts etc.