There's a common misconception that revenue and budget are the same, but this is not the case. In simple terms, revenue refers to the income that a business generates from its operations, while a budget is an estimation of the income and expenditure over a specific period. For a deeper understanding of these financial concepts, you might find it helpful to review the Union Budget 2021 Summary .
If you're interested in further exploring these topics, here are some recommended readings:
- The Distinction between an Economic Survey and a Union Budget
- A Lookback at Previous Years' Economics Mains Questions in UPSC Civil Service Exam, General Studies Paper – 3