| AI | Artificial Intelligence |
| AICPI-IW | All-India Consumer Price Index for Industrial Workers |
| ATB | Auction Treasury Bill |
| BBR | Budget Balance Rules |
| BE | Budget Estimate |
| BETA | Budget Execution Technique Automation |
| BPL | Below Poverty Line |
| CAG | Comptroller and Auditor General |
| CGA | Controller General of Accounts |
| CGST | Central Goods and Services Tax |
| CMU | Cash Management Unit |
| CO | Capital Outlay |
| CSF | Consolidated Sinking Fund |
| CSS | Centrally Sponsored Scheme |
| CV | Coefficient of Variation |
| DA | Dearness Allowance |
| DB | Defined Benefit |
| DBT | Direct Benefit Transfer |
| DC | Defined Contribution |
| DGI | Data Gaps Initiative |
| DISCOM | Distribution Company |
| FC-XIII | Thirteenth Finance Commission |
| FC-XIV | Fourteenth Finance Commission |
| FC-XV | Fifteenth Finance Commission |
| FI | Financial Institution |
| FMC | Finance Monitoring Committee |
| FRBM | Fiscal Responsibility and Budget Management |
| FRL | Fiscal Responsibility Legislation |
| GDP | Gross Domestic Product |
| GeM | Government e-Marketplace |
| GFD | Gross Fiscal Deficit |
| GFSM | Government Finance Statistics Manual |
| GIC | General Insurance Corporation |
| GIS | Geographic Information System |
| GoI | Government of India |
| GPS | Guaranteed Pension Scheme |
| GRF | Guarantee Redemption Fund |
| GRIT | Gujarat State Institution for Transformation |
| GSDP | Gross State Domestic Product |
| GST | Goods and Services Tax |
| GSTN | Goods and Services Tax Network |
| IMF | International Monetary Fund |
| IP | Interest Payment |
| ITB | Intermediate Treasury Bill |
| JAM | Jan Dhan, Aadhar, and Mobile |
| JITFS | Just-in-Time Funding System |
| KALIA | Krushak Assistance for Livelihood and Income Augmentation |
| KSPPC | Karnataka State Policy and Planning Commission |
| LIC | Life Insurance Corporation |
| MITRA | Maharashtra Institution for Transformation |
| MPRNA | Madhya Pradesh Rajya NITI Aayog |
| MSME | Micro, Small and Medium Enterprise |
| MTEF | Medium-Term Expenditure Framework |
| MTFP | Medium-Term Fiscal Policy |
| NABARD | National Bank for Agriculture and Rural Development |
| NBC | Net Borrowing Ceiling |
| NCDC | National Cooperative Development Corporation |
| NITI | National Institution for Transforming India |
| NPS | National Pension System |
| NSO | National Statistical Office |
| NSSF | National Small Saving Fund |
| OD | Overdraft |
| OFRBMA | Odisha Fiscal Responsibility and Budget Management Act |
| OPS | Old Pension Scheme |
| PA | Provisional Account |
| PD | Primary Deficit |
| PEFA | Public Expenditure and Financial Accountability |
| PF | Provident Fund |
| PFM | Public Financial Management |
| PFMS | Public Financial Management System |
| PFRDA | Pension Fund Regulatory and Development Authority |
| PIB | Press Information Bureau |
| PPP | Public Private Partnership |
| QR | Quick Response |
| R&D | Research and Development |
| RBI | Reserve Bank of India |
| RD | Revenue Deficit |
| RE | Revised Estimate |
| RECO | Revenue Expenditure to Capital Outlay |
| RR | Revenue Receipt |
| SBI | State Bank of India |
| SDF | Special Drawing Facility |
| SDG | Sustainable Development Goal |
| SETU | State Institute for Empowering and Transforming Uttarakhand |
| SFC | State Finance Commission |
| SGS | State Government Security |
| SGST | State Goods and Services Tax |
| SITA | State Institution for Transformation Aayog |
| SNA | Single Nodal Agency |
| SOTR | States’ Own Tax Revenue |
| STC | State Transformation Commission |
| SVAR | Structural Vector Autoregressive |
| TANGEDCO | Tamil Nadu Generation and Distribution Corporation |
| UDAY | Ujwal DISCOM Assurance Yojana |
| UPS | Unified Pension Scheme |
| UT | Union Territory |
| VAT | Value-Added Tax |
| WAS | Weighted Average Spread |
| WAY | Weighted Average Yield |
| WMA | Ways and Means Advance |