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Union Budget 2023-24 Analysis | Key Highlights for UPSC

Jan 31, 2023

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Probable Question

Key Highlights of the Union Budget 2023-24

Priority 1 Inclusive Development

Priority 2 Reaching the Last Mile

Priority 3 Infrastructure and Investment

Priority 4 Unleashing the Potential

Research and Development:

Priority 5 Green Growth

Priority 6 Youth Power

Priority 7 Financial Sector


New Tax Rates


About the Union Budget

Constitutional Provisions Related to Budget

Key Components of the Union Budget

Revenue Budget 

Capital Budget 

Plan and Non-Plan Expenditure 

Fiscal Deficit

Tax Proposals

Forces that shape a Budget

Preparation of a Union Budget: Key Steps

Nominal GDP (or what will be the size of the economy next year?)

Fiscal Deficit (or how much money can the government borrow?)

Total Revenues (or how much money can the government raise on its own?)

Total Expenditure (or what is the maximum it can spend and where?)


Previous year questions

Union Budget 2023-24 Analysis Union Budget Key Highlights for UPSC
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