Budgeting for the country
Piyush Goyal, the Finance Minister of India, presented the Interim Budget on February 2 this year. The Budget is an important event that is watched and talked about by the people of India. Why? Because the Budget explains how the government has spent the country’s money and how it plans to spend it in the coming year. It affects our day-to-day life, since a big part of the country’s money comes from people like you and me — the citizens. An Interim Budget is one that is presented in the year in which there is an election. If a different party comes to power after the election, they can decide if they want to continue with the plans and ideas that the previous party in power has come up with.
Have a chat with your parents and teachers about the words: election, party and democracy. What is democracy? Why is it important?