2022 Union budget of India

National budget of India
2022 (2022) Union Budget of India
Emblem of India
Submitted1 February 2022
Submitted byNirmala Sitharaman
(Minister of Finance)
Submitted toParliament of India
Presented1 February 2022
Passed29 March 2022 [1]
Parliament17th (Lok Sabha)
PartyBharatiya Janata Party
Finance ministerNirmala Sitharaman
Total revenueIncrease₹31.94 trillion (US$400 billion)
Total expendituresIncrease₹39.45 trillion (US$490 billion)
Tax cutsNone
Deficit6.4% Positive decrease(0.3%)
Websitewww.indiabudget.gov.in
‹ 2021
2023 ›

The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on 1 February 2022, as her fourth budget. This is the third 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.[2]

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.[3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson.[4] The first Union Budget of Independent India was presented by RK Shanmukham Chetty on 26 November 1947.[5]

Announcement

In the 2023-24 Union Budget,[6] the healthcare sector receives ₹89,155 crore, a 13% increase from the previous year's ₹79,145 crore allocation

References

  1. ^ "Parliament passes union budget". Indian Express. 30 March 2022.
  2. ^ "Budget 2022 Live Updates: No changes in Income Tax, big push for capex". The Indian Express. 1 February 2022. Retrieved 1 February 2022.
  3. ^ "Budget 2020". Business Standard India. Archived from the original on 13 January 2020. Retrieved 2020-01-13.
  4. ^ "Budget 2020: James Wilson, the man who brought budget, income tax to India". www.businesstoday.in. 31 January 2020. Retrieved 2020-02-03.
  5. ^ "First Union Budget, November 1947: The crying concern was to dress wounds of uprooted humanity". www.telegraphindia.com. Retrieved 2020-02-03.
  6. ^ "Union Budget 2023: Health sector allocation sees 13% hike". mint. 2023-02-01. Retrieved 2023-10-18.
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Further reading

2021 Union budget of India