The document summarizes the key aspects of a government's annual budget, including receipts, expenditures, the budget period, the goals of economic stability and growth. It defines surplus and deficit budgets and the types of expenditures and revenues. Fiscal and primary deficits are explained, and it notes that the finance minister declares the budget at the end of February for approval by March 31st.

2. Summary of annual Receipts and
expenditure of government
expected over year & it also shows
report of Past financial year.
Budget period : 31 march to 1 april

3.  a. Equal ditribution of income & wealth.
 b. Manages Public enterprises.
 c. Economic staiblity (Controls Inflation n deflation)
 d. Economic growth ( Defense, R&D ,ISRO )

4. (a) Surplus budget :
Receipt > Expenditure
(b) Deficit budget :
Expenditure < Receipts

5.  1. Expenditure :
(a) Revenue expenditure (Salary , Pensions)
(b) Capital expenditure (Bridge, dams)
 2. Revenue :
(a) Revenue receipts (Tax, Public enterprise y)
(b) Capital receipts (Loan to other countries)

6.  Fiscal deficit is the difference between total
revenue and expenditure.
 Primary deficit is one of the parts of fiscal
deficit. While primary deficit can be arrived
by deducting interest payment from fiscal
deficit. Interest payment is the payment that
a government makes on its borrowings to the
creditors

10.  Finance minister declares at end of February
in lok sabha and then its approved by
parliament at march 31.
 F.m : P. chidambaram