10 interesting facts about Union Budget

By Editorji News Desk
Published on | Jan 31, 2024

1st Budget of India

East India Company's James Wilson presented the 1st budget of India to the British Crown on April 7, 1860

India's 1st Interim Budget

RK Shanmukham Chetty presented the budget in 1947 for seven and a half years, addressing food grain shortage, elevated imports and inflation

First woman to present Budget

Indira Gandhi was the first woman to present the Budget when she took charge as the finance minister in 1970-71, while she was also the PM

FM to present most number of Budgets

Former Prime Minister Morarji Desai presented budget 10 times

First full time woman FM

Nirmala Sitharaman is the 1st full time Finance Minister

Union Budget leaked

In 1950, during the printing of the Union Budget it was leaked after which the printing was shifted from Rashtrapati Bhawan to Minto Road

Change in presentation date

Until 2016, the budget was presented on the last working day of February. In 2017, then Finance Minister Arun Jaitley, changed the date to Feb 1

Longest speech

Finance Minister Nirmala Sitharaman presented the longest budget speech in terms of duration. In 2020, she gave 2 hours and 42 minutes long speech

From Briefcase to Bahi Khata

In 2019, FM Sitharaman replaced the old budget briefcase with a bahi khata - a red silk cloth with the National Emblem wrapped with a ribbon

Paperless Budget

The Union Budget of 2021-22 was presented by Finance Minister Nirmala Sitharaman on a digital tablet due to covid pandemic