1. Union Budget
 Union Budget
 History of Indian Union Budget
 Time of Budget Announcement
 2012 Union Budget of India
3. Union Budget
 The Union Budget of India, referred to as
the annual Financial Statement of the
Country, presented each year on the last
working day of February by the Finance
Minister of India in Parliament.
4. History of Indian Union Budget
 India's first Finance Minister Sir R.K.
Shanmugham Chetty, presented the first
Finance Budget of independent India on
November 26, 1947.
 Moraji Desai presented the budget 10
times, the most by any.
 81 Union Budgets till now…
5. Types of Budget
 Revenue Budget:
Revenue budget includes revenue
receipts and revenue expenditure.
Ex: Tax Receipts, Revenue Receipts
 Capital Budget:
Capital includes capital receipts and
Ex: Capital receipts like
Recovery of loans, borrowings etc.,
6. Time of Budget Announcement
 Until 2000, the Union Budget was
announced at 5pm on the last working
day of the month of February.
 Mr. Yashwanth Sinha, the then Finance
Minister of India in the NDA Govt.(led by
BJP) of Atal Bihari Vajpayee, who
changed the ritual by announcing the
2001 Union Budget at 11am.
7. Main Players
Ministry of Finance
Comptroller & Auditor General
8. Budget Touch-Up’s
 The Budget covers the following sectors
-Coal and Power Sector
9. 2012-13 Union Budget of India
 Union budget of India for the year
2012-2013 was presented by the
on March 16,2012.
10. 2012-13 Union Budget of India
 Budget Estimates
- Gross Tax Receipts estimates at
Rs.1,077,612 crores for FY 2012-13.
- Total expenditure budgeted at
Rs.1,490,925 crores for FY 2012-13.
11. 2012-13 Union Budget of India
-Attempt to keep subsidies below 2% of Gross Domestic
Product ('GDP') during Financial Year ('FY') 2012-13 .
-Subsidies fully provided for effective administration of
the proposed Food Security Legislation
-Nation-wide roll out of mobile-based Fertilizer
Management System to provide complete information
on movement of fertilisers and subsidies
12. 2012-13 Union Budget of India
-For FY 2012-13, while 51% ownership and
management control to remain with the
Government, disinvestments target have
been set at Rs.30,000 crores
13. 2012-13 Union Budget of India
 Fiscal Deficit
-Increase in fiscal deficit from 4.8% in FY
2010-11 to estimated 5.9% of GDP during FY
2011-12. It is expected to drop to 5.1% of
GDP during FY 2012-13
14. 2012-13 Union Budget of India
 Tax Proposals
 -Transfer Pricing
 Indirect Rax
Enactment of Budget – Stages
 Presentation of Budget- Rule 213
 General Discussion – 3 to 4 days
 Voting on Demands for Grants
 Passing of Appropriation Bill
Execution of Budget
 Implementation of the Budget after
enactment by Parliament.
 Executed by various
ministries/Departments under control of
 Times of India