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]
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| Submitted | 1 February 2022 |
|---|---|
| Submitted by | Nirmala Sitharaman (Minister of Finance) |
| Submitted to | Parliament of India |
| Presented | 1 February 2022 |
| Passed | 29 March 2022 [1] |
| Parliament | 17th (Lok Sabha) |
| Party | Bharatiya Janata Party |
| Finance minister | Nirmala Sitharaman |
| Total revenue |  ₹31.94 trillion (US$380 billion) |
| Total expenditures | ₹39.45 trillion (US$470 billion) |
| Tax cuts | None |
| Deficit | 6.4%  (0.3%) |
| Website | www |
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‹ 2021 2023› | |
History
editThe 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
editIn 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.[citation needed]
References
edit- ^ "Parliament passes union budget". Indian Express. 30 March 2022.
- ^ "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 13 January 2020.
- ^ "Budget 2020: James Wilson, the man who brought budget, income tax to India". www.businesstoday.in. 31 January 2020. Retrieved 3 February 2020.
- ^ "First Union Budget, November 1947: The crying concern was to dress wounds of uprooted humanity". www.telegraphindia.com. Retrieved 3 February 2020.
- ^ "Union Budget 2023: Health sector allocation sees 13% hike". mint. 1 February 2023. Retrieved 18 October 2023.