Diabytes
Budget trivia News
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Finance Minister Nirmala Sitharaman will present the Budget 2022-23 on February 1. Start-ups have urged govt to relax tax burden on the sector which is already grappling with the onslaught of the Covid-19 crisis.
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The most number of budgets were presented by former Finance Minister Morarji Desai. Desai presented the budget a total of 10 times, first between 1959 and 1963, and then again between 1967 and 1969. Notably, Desai, who was born on December 29, presented the budget on his birthday on two occasions, both during the leap years.
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An Interim Budget is presented by the Government in the Parliament in case it has no time to present the complete budget. This generally happens when the elections are approaching and the Budget is to be presented before the voting is done. It is only justified if the ruling Government presents the Budget. Vote on Account passed through the interim budget and allows the Government to meet small expenditures before elections occur.
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The Budget process has its roots in the Bombay Plan of 1944.
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The word Budget was derived from the Middle English bowgette, which came from Middle French bougette, which in turn is a diminutive of bouge, meaning a leather bag.
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