Balance the books
- POSTED ON: 31 Jul, 2024
- TOTAL VIEWS: 434 Views
- POSTED BY: Bhavya Venkatesh | Text: Shreya Gupta
- ARTICLE POINTS: 100 Points
Imagine you get pocket money every week. You might spend some on candies, save a bit for a new toy or book, and put the rest in your piggy bank. The government of India does something similar, but on a much larger scale!
Each year, India’s Finance Minister, like the country’s money manager, presents the “budget.” This budget is a detailed plan that shows how the government will use its money. Just as you decide how to spend your pocket money, the government
decides how to spend money on important things like schools, hospitals, and roads.
On July 23, 2024, Finance Minister, Nirmala Sitharaman, announced the budget for this year. Here’s what’s exciting for kids like you:
Why does this matter?
Why should you care about all this? Think of it like planning an epic adventure. If you’re organising a big trip to an amusement park, you need to decide on your budget for tickets, snacks, and souvenirs. You’ll plan to make sure you have the best time with everything you need!
The government’s budget is like planning that amazing adventure but for the whole country.
The tickets and snacks are like building new schools and hospitals.
The fun rides and games are like new parks and playgrounds.
The special souvenirs are like new technology and learning resources.
So next time you hear grown-ups talking about the budget, you’ll know it’s not just boring money talk. It’s a big plan to make India an even better place for you to grow up in!