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Budget 2022: Union Finance Minister Nirmala Sitharaman is all set to present her third Budget in the Parliament on February 1, 2022

Budget 2022: Union Finance Minister Nirmala Sitharaman is all set to present her third Budget in the Parliament on February 1, 2022

Budget 2022: Union Finance Minister Nirmala Sitharaman is all set to present her third Budget in the Parliament on February 1, 2022:



Budget 2022: Union Finance Minister Nirmala Sitharaman is all set to present her third Budget in Parliament on February 1, 2022. The Budget presentation this time, just like last year, is expected to be paperless keeping in view the ongoing COVID pandemic. In 2019, when Sitharaman presented her first Budget, she attracted the nation's attention by replacing the budget briefcase with the 'bahi khata'. The decision was taken to dump the colonial practice of carrying a briefcase. The following year, she went paperless and presented her budget in Tablet.


Here are the interesting facts about India's Union Budget:


  • The word budget has French origins. It emerged from the old French term bougette meaning "small leather purse."
  • The first-ever Union budget was presented by James Wilson, a Scottish economist and politician in 1860.
  • The first Union budget of independent India was presented on November 26, 1947 by India's first finance minister RK Shanukham Chetty.
  • Till 1955, the Union Budget was published only in English. However, this changed in 1955-56 when the government started to publish it in both English and Hindi.
  • While Jawaharlal Nehru was first prime minister to present the budget when he held the finance portfolio back in 1958-59.
  • Former prime minister Indira Gandhi was the first woman to present the budget in India.
  • Former Finance Minister Morarji Desai holds the record for presenting the most number of budgets a record 10 closely followed by P Chidambaram and Pranab Mukherjee.
  • In 2017, the Rail Budget was merged with the Union Budget and since then, the Budget has been presented on 1 February following the changes introduced by the then Finance Minister Arun Jaitley.
  • Nirmala Sitharaman in 2019 ditched the traditional Budget briefcase, instead, carried a Red packet with the National Emblem wrapped with a ribbon.
  • This time, Nirmala Sitharaman is the first full-time female finance minister to table the Budget 2022.

Budget 2022 will be the Narendra Modi-led BJP government's 10th presentation since its appointment in 2014.


The budget session of Parliament will begin on January 31 with the address of President Ram Nath Kovind to both the Houses, additional secretary-general of the ministry of Parliamentary affairs said in a letter.


The first half of the Budget session will go on from January 31 to February 11, with the panel reassembling on March 14th to sit until April 8, subject to government exigencies.


A day ahead of the Budget, on January 31 the Centre is likely to present the Economic Survey in Parliament.

All eyes are on the Budget yet again as the announcem
ent will come amid India's battle with the third wave of the Covid-19 pandemic. GDP estimates will be a key number to look forward to.


The country's annual gross domestic product (GDP) slumped in 2020-21 due to continued lockdowns, leading to FY21 GDP contracting 7.3%.


Growth is expected to witness a V-shaped recovery for FY22, recent data released by the Centre shows, rising to 9.2%. However, the rising number of Omicron variant cases will continue to remain a hindrance.

Last year, the Budget was delivered in a paperless format for the first time by FM Sitharaman, who arrived for the presentation carrying a tablet instead of the traditional 'bahi-khata'.


The FM also launched the Budget mobile app for 'hassle-free' access of budget documents by members of Parliament (MPs) and the general public.




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