Budget 2023: How is Union Budget prepared? From initial meetings to President’s approval, all steps explained
The budget-making process begins in August-September and involves a number of steps, including pre-budget meetings and a halwa ceremony. It culminates with the presentation of the Budget in the Parliament and its approval by the President.
The Government of India presents the Union Budget every year on February 1. The Union Budget is an important document that outlines the government’s fiscal policies, plans and programmes for the upcoming financial year. The budget-making process begins in August-September, almost six months before its presentation date.