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.

Further reading

2021 Union budget of India

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