| ARM | Additional Revenue Mobilisation |
| ASEAN | Association of Southeast Asian Nations |
| ATB | Auction Treasury Bills |
| BE | Budget Estimates |
| CBEC | Central Board of Excise and Customs |
| CBIC | Central Board of Indirect Tax and Customs |
| CENVAT | Central Value Added Tax |
| CGC | Commonwealth Grants Commission |
| CGST | Central Goods and Services Tax |
| CPI | Consumer Price Index |
| CPSU | Central Public Sector Undertaking |
| CRISIL | Credit Rating Information Services of India Limited |
| CSO | Central Statistics Office |
| CSS | Centrally Sponsored Schemes |
| CVD | Countervailing Duty |
| DISCOM | Distribution Companies |
| EC | Empowered Committee |
| EMEs | Emerging Market Economies |
| FC | Finance Commission |
| FC-XII | Twelfth Finance Commission |
| FC-XIII | Thirteenth Finance Commission |
| FC-XIV | Fourteenth Finance Commission |
| FI | Financial Institutions |
| FRBM | Fiscal Responsibility and Budget Management |
| FRL | Fiscal Responsibility Legislation |
| FRP | Financial Restructuring Plan |
| GDP | Gross Domestic Product |
| GFD | Gross Fiscal Deficit |
| GSDP | Gross State Domestic Product |
| GST | Goods and Services Tax |
| GSTN | Goods and Services Tax Network |
| GTR | Gross Tax Revenue |
| HFE | Horizontal Fiscal Equalisation |
| ICRA | Investment Information and Credit Rating Agency |
| IGST | Integrated Goods and Services Tax |
| IMF | International Monetary Fund |
| IP/RR | Interest Payment/ Revenue Receipts |
| IT | Information Technology |
| ITB | Intermediate Treasury Bills |
| ITC | Input Tax Credit |
| LIC | Life Insurance Corporation of India |
| MODVAT | Modified Value Added Tax |
| NABARD | National Bank for Agriculture & Rural Development |
| NCAER | National Council of Applied Economic Research |
| NCDC | National Cooperative Development Corporation |
| NCT | National Capital Territory |
| NSC | Non-Special Category |
| NSSF | National Small Savings Fund |
| OD | Overdrafts |
| OECD | Organisation for Economic Co-operation and Development |
| ONTR | Own Non Tax Revenue |
| OTR | Own Tax Revenue |
| PB | Primary Balance |
| PD | Primary Deficit |
| PRB | Primary Revenue Balance |
| PRD | Primary Revenue Deficit |
| QST | Quebec Sales Tax |
| RBI | Reserve Bank of India |
| RE | Revised Estimates |
| RNR | Revenue Neutral Rate |
| SAD | Special Additional Duty |
| SBI | State Bank of India |
| SC | Special Category |
| SDL | State Development Loans |
| SFA | Stochastic Frontier Analysis |
| SGST | State Goods and Services Tax |
| SLR | Statutory Liquidity Ratio |
| SME | Small And Medium Scale Enterprises |
| SPSE | State Public Sector Enterprises |
| SSE | Social Sector Expenditure |
| UDAY | Ujwal Discom Assurance Yojana |
| UK | United Kingdom |
| UT | Union Territory |
| UTGST | Union Territory Goods and Services Tax |
| VAT | Value Added Tax |
| WMA | Ways and Means Advances |
| WST | Wholesale Sales Tax |