Budget 2021: Frequently-used financial terms you need to know - Photos-1
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Budget 2021: Frequently-used financial terms you need to know

Finance Minister Nirmala Sitharaman is all set to present the upcoming Union budget 2021 on February 1. This focus of the upcoming budget is likely to be on recovery and growth after the Covid-19 pandemic devastated the economy for most parts of 2020. During the budget speech, the finance minister is expected to discuss crucial financial indicators like inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans and more. Making sense of these terms is key to understanding the government's expenditure plans for the next fiscal year starting April 1, 2021.Having said that, here are some key budget-related terms that will help you make sense of the budget speech:

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