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Union Budget 2022: Here are some interesting facts that you should know

SUMMARY

Here are a few interesting facts about budgets in India:

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By Pradeep Suresh  Jan 20, 2022 3:11:44 PM IST (Updated)

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As the country waits eagerly for finance minister Nirmala Sitharaman to unveil the Union Budget on February 1, here are a few interesting facts: (Image: Shutterstock)

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The word budget has French origins. It emerged from the old French term bougette meaning "small leather purse." (Image: Reuters)

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The first union budget in the country was presented way back in 1860 by Scottish economist James Wilson on behalf of the East India Company to the British crown.(Image: Reuters)

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The first budget of independent India was presented on November 26, 1947, by India’s first finance minister RK Shanukham Chetty. (Image: indianhistorypics Twitter page)

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Until 1955, the budget was only published in English. However, this changed in 1955-56 when the government started to publish it in both English and Hindi.

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While Jawaharlal Nehru was the first prime minister to present the budget when he held the finance portfolio back in 1958-59. His daughter and former prime minister Indira Gandhi was the first woman to present the budget in India.(Image: Indian national Congress website)

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The former Finance Minister Morarji Desai holds the record for presenting the most number of budgets—a record 10—closely followed by P Chidambaram and Pranab Mukherjee. (Image: Wikimedia Commons)

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Nirmala Sitharaman is the first full-time female finance minister to table the Union Budget.

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The record for delivering the longest budget speech is held by late Arun Jaitely. The former finance minister gave a 2.5 hours long budget speech in 2014. (Image: PTI Photo)

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