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ESTIMATION
REVENUE EXPENDITURE
FUTURE PERIOD OF TIME
Made for
Person
Family
Business
Government
Country
Multinational Organization
Annual Financial Statement
Presented on Last working Day
of February
By Financial Minister
In parliament
Facts
1st Union Budget of Independent India was presented by R.K
Shanmukham Chetty on November 26, 1947
Last Union Budget of India i.e Budget of 2012-13 is presented
by Pranab Mukherjee, the Finance Ministry of India on 16th
March 2012
Until the year 2000, the union budget was announced at 5 pm
on the last working day of the month of February
This practice was inherited from the Colonial Era, when the
British Parliament would pass the budget in the noon followed
by India in the evening of the day.
It was Mr. Yashwant Sinha, then the Financial Minister of India in
the NDA Government led by Atal Bihari Vajpayee, who Changed
ritual by announcing the 2001 Union Budget at 11 am
Currently P. Chidambaram is the Finance Minister of India and
he would be presenting Union Budget 2013-14 on 28 February
in Parliament

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About budget

  • 1.
  • 2. ESTIMATION REVENUE EXPENDITURE FUTURE PERIOD OF TIME Made for Person Family Business Government Country Multinational Organization
  • 3. Annual Financial Statement Presented on Last working Day of February By Financial Minister In parliament Facts 1st Union Budget of Independent India was presented by R.K Shanmukham Chetty on November 26, 1947 Last Union Budget of India i.e Budget of 2012-13 is presented by Pranab Mukherjee, the Finance Ministry of India on 16th March 2012 Until the year 2000, the union budget was announced at 5 pm on the last working day of the month of February This practice was inherited from the Colonial Era, when the British Parliament would pass the budget in the noon followed by India in the evening of the day. It was Mr. Yashwant Sinha, then the Financial Minister of India in the NDA Government led by Atal Bihari Vajpayee, who Changed ritual by announcing the 2001 Union Budget at 11 am Currently P. Chidambaram is the Finance Minister of India and he would be presenting Union Budget 2013-14 on 28 February in Parliament