Budget is such a word which plays a very important role in common life. Any sensible person does his every big or small work or any expenditure or investment by making a budget. In the same way the government also does its main work, accounting of income and expenditure from the budget itself. And every year the government presents its budget in front of the public. Budget is such an important part of government and every persons life. for which, Budget is the plan made for the future, which is made by estimating the revenue and other income and expenses of the whole year. In which, by the Finance Minister, estimating its expenditure before the government, making several plans for the coming year, presents it to the public during every financial year. An ideal budget is one in which there is no selfishness of anyone. In that budget the best plans have been made by the government for people, business, government country multinational organization, for an individual, family, group and expenses and investments have been made. According to Article 112 of the Constitution, during each financial year, the President places the Annual Financial Statement before both the Houses of the Parliament, which contains the details of the income/receipts and expenditure of the government for the previous year. For every year, the government makes a plan in advance. In which the sources of government's income such as collection of different taxes or tax income from revenue, government fees-fines, dividends, interest on loans given etc. all the income and putting these income back to the public is the main objective of the budget. Generally, the annual budget is prepared by the departments assigned to them in the Finance Ministries. Whose final approval is given by the President, which is in relation to both the Central and the State Government. The Railway Budget is prepared separately by the Ministry of Railways. There are mainly two types of budget. The biggest budget presented by the Central Government, which is made keeping in mind the people of every class. Which is also called the general budget, it contains all kinds of provisions which are passed in the form of bills. Every year new rules and regulations are passed along with the new budget.