Presented: | 1 February 2022 |
Deficit: | 6.4% |
Tax Cut: | None |
Passed: | 29 March 2022 [1] |
Year: | 2022 |
Date Submitted: | 1 February 2022 |
Submitter: | Nirmala Sitharaman |
Next Year: | 2023 |
Next Budget: | 2023 Union budget of India |
Previous Year: | 2021 |
Previous Budget: | 2021 Union budget of India |
Country: | India |
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]
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]
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