Economics · Public Finance and Indian Budgeting Reforms
In the context of the structural reforms introduced to the Indian Union Budget since 2017 under the Ministry of Finance, which major change was implemented starting from the 2017-18 fiscal year to integrate departmental financial statements, and which specific document is traditionally released one day prior to the budget to provide a review of the nation's economic performance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The shift of the budget presentation time from 5 PM to 11 AM and the release of the Annual Financial Statement
- 2The merger of the Rail Budget with the Union Budget and the release of the Economic Survey✓
- 3The separation of the Defence Budget from the Union Budget and the release of the Appropriation Bill
- 4The establishment of the Contingency Fund of India and the release of the Finance Bill
Correct answer
The merger of the Rail Budget with the Union Budget and the release of the Economic Survey
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