Though Budget announcement is a yearly event, this year after the 17th Lok Sabha elections, the newly reelected government will present its Full budget for the fiscal year with Nirmala Sitharaman, the second women finance minister, at its helm on July 5. The interim budget was announced by Piyush Goyal, interim finance minister on February 1.
Budget is a comprehensive summary of a country's finances that provides for revenue from all of the sources combined together and the outlay budgeted for each of the economic activity. The budget for the economy is prepared by the Budget division of the Ministry of Finance.
Important details in respect of economic survey and timing of budget:-
1. Economic Survey Schedule
The Economic Survey which reviews the country's development as an economy for the past 12 months is considered a flagship document of the Ministry of Finance. This year the survey will be presented on July 4, a day before the annual budgetary presentation i.e. scheduled for July 5. The session will include a total of 30 sittings.
Also, the Survey takes into account the likely performance of all the policy initiatives taken in the past one year.
2. Maiden Budget of Modi's Second term and Sitharaman
Union Budget 2019-20 will be tabled in the Lok Sabha on Friday, July 5, 2019, at 11:00 am and post the Budgetary announcement, both the houses will be adjourned for the day.
3. Yashwant Sinha changed Budget custom and began to announce Budget at 11:00 am
Before 1999, the customary Budget in the country was announced on the last working day of February at 5 pm. But from 1999, Yashwant Sinha began to present it at 11:00 am.
4. Full Budget and Railway Budget merged from 2016
Also, from the year 2016, the practice of announcing railway budget days before the budget announcement has been done away with, thus scrapping 92-year old practice.
GoodReturns.in
More From GoodReturns

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026

Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA

5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report

Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March

Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis



Click it and Unblock the Notifications