Union Budget vs State Budget: What's The Difference
By: NDTVNewsDesk
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Finance Minister Nirmala Sitharaman will present the Union Budget 2026 on February 1.
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Here's a look at the key differences between the Union Budget and State Budget.
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The Union Budget is prepared by the central government for the whole country. The State Budget is prepared by a state government for its specific state.
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The Union Budget is governed by Article 112, and the State Budget is governed by Article 202 of the Indian Constitution.
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The Union Budget relies on central taxes like income tax, customs duties, and the central share of GST.
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The State Budget relies on state taxes, such as the state GST share, stamp duty, property tax, and non-tax revenues.
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The Union Budget funds national priorities like defense, railways, and central schemes.
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State Budgets focus on local services such as education, healthcare, agriculture, and state welfare programs.
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The Union Budget is presented in Parliament, while the State Budget is presented in the state legislature.
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