Budget 2022: Whose name is the longest budget speech, what is the history of budget, know 15 interesting information!

Publish Date: 25 Jan, 2022 |
The budget has been decided to be announced on 1st February by Finance Minister Nirmala Sitharaman. This time the budget will mainly focus on farming, education, railway, flights etc. To bring the economy back on track, the government will try to induce financial support to many sectors. Here are some interesting facts about the budget system.
  1. The first budget for the Indian economy was proposed in 1860 by James Willlson and Scottish Arthshastri.
  2. The word “BUDGET” has been taken from a french word “baguette” which means a small bag.
  3. The declaration of budget time at 11am was decided by Yashwant Sinha in 2001.
  4. Before that the budget was declared at 5pm in the evening.
  5. The most amount of budget has been delivered by Moraji Desai in his tenure of 1962-1969; he delivered around 10 budgets.
  6. The biggest speech about the budget was given by Arun Jaitley which was around 2.5 hours in 2014.
  7. Nirmala Sitharaman was the second woman to announce the budget in India. The first was former Prime Minister Indira Gandhi.
  8. Before announcing the budget, a halwa ceremony is held in the Ministry.
  9. Until 1955 the budget was only announced in English. After that, both Hindi and English were used.
  10. The first independent budget was declared on 26 November, 1947 by R.K Chetty.
  11. The railway and ordinary budget were delivered separately till 2017.
  12. The budget in 1950 was leaked which led to the formation of the Government press in 1980.
  13. Pt. Jawahar Lal Nehru was the first Prime Minister of India to deliver a budget.
  14. The budget declared in 1973 was known as black budget because of a loss of Rs 550 crores.

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