Budget and Public

  Article 112 of Indian Constitution asks the President to lay an annual financial statement before Parliament

Budget includes

• Expenditure needed in the next financial year
• Ways to raise revenue
• Actual s of gone year
• Revised estimate of current year
• It is mostly made up of projections and policy than solid financial data
   

Budget is quite widely discussed

• Media covers budget widely, e.g., news paper
  
• Opposition criticize and points out faults
• People express their will through frequent elections, e.g., TRS won bye-elections after introducing Ryathu Bandhu scheme
• Overall economic conditions and growth is widely discussed, e.g., inflation
• Budget need not be taken too seriously since it is mostly projections, e.g., serious revenue falls and expenditure excess occurs, e.g., MGNREGA
  

Budget is disregarded due to

• Decreasing quality of research for budget and economic survey
• Lack of proper discussions
• Disruptions
• Lower penetration of higher education
• Decreasing quality of politics and political opposition

 It could be argued that people are becoming increasingly apathetic to budgets. But increased involvement of people in politics and interest in national development show; no Government can run away with bad budgets for long.