Glossary

Glossary

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Budget Ad-Valorem Duties Appropriation Bill Balance of Paymets Balanced Budget Budgetary Deficit Budget Estimates Capital Budget Capital Expenditure Capital Receipt CENVAT Central Plan Consolidated Fund Contingency Fund Corporate Tax Countervailing Duties Customs Duties Current Account Deficit Direct Taxes Disinvestment Excise Duties Fiscal Deficit Fiscal Policy Finance Bill Gross Domestic Product (GDP) Gross National Product (GNP)

Income Tax Indirect Taxes Inflation MAT Monetary Policy National Debt Non-Plan Expenditure Plan Expenditure Plan Outlay Primary Deficit Progressive Tax Proportional Tax Public Account Pump Priming Regressive Tax Revenue Budget Revenue Receipts Revenue Expenditure Revenue Deficit Revenue Surplus Subsidies Sales Tax Tariff Twin Deficits Value-Added Tax (VAT)