Union Budget terms made simple:Explanations of jargon like fiscal deficit, cess and surplus to help you decode the Budget

Finance Minister Nirmala Sitharaman presents her ninth Union Budget so far. Every single time, the speech comes loaded with figures and financial jargon that can quickly turn confusing if you’re not familiar with the terms. Since the Budget shapes everything from taxes to everyday spending, knowing a few basics makes it far easier to follow what’s being announced. Here’s a quick, simple guide to key Budget terms to help you make sense of today’s presentation. Graphics: Anas Shakir