Prime Minister Bjarni Benediktsson calls for elections to be held on November 4, in a live broadcast from the president's residence
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3 min read24 Nov 2007The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared