2022 Union budget of India
 | This article relies largely or entirely on a single source. (February 2022) |
 Emblem of India | |
| Submitted | 1 February 2022 |
|---|---|
| Submitted by | Nirmala Sitharaman (Minister of Finance) |
| Submitted to | Parliament of India |
| Presented | 1 February 2022 |
| Passed | - |
| Parliament | 17th (Lok Sabha) |
| Party | Bharatiya Janata Party |
| Finance minister | Nirmala Sitharaman |
| Total revenue |  ₹31.94 trillion (US$420 billion) |
| Total expenditures | ₹39.45 trillion (US$520 billion) |
| Tax cuts | None |
| Deficit | 6.4%  (0.5%) |
| Website | www |
‹ 2021 › | |
The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on the 1st of February 2022, as her fourth budget. This is the fourth budget of Narendra Modi-led NDA government's second term. The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget.[1]
History[]
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government.[2] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson.[3] The first Union Budget of Independent India was presented by RK Shanmukham Chetty on 26 November 1947.[4]
References[]
- ^ "Budget 2022 Live Updates: No changes in Income Tax, big push for capex". The Indian Express. 1 February 2022. Retrieved 1 February 2022.
- ^ "Budget 2020". Business Standard India. Archived from the original on 13 January 2020. Retrieved 2020-01-13.
- ^ "Budget 2020: James Wilson, the man who brought budget, income tax to India". www.businesstoday.in. Retrieved 2020-02-03.
- ^ "First Union Budget, November 1947: The crying concern was to dress wounds of uprooted humanity". www.telegraphindia.com. Retrieved 2020-02-03.
Further reading[]
Categories:
- Union budgets of India
- Modi administration