BUDGET SPEECHES

HERE ARE SOME INTERESTING FACTS ABOUT BUDGET SPEECHES

Published By Livemint | 28 Jan, 2023

Finance Minister Nirmala Sitharaman will be presenting her fifth Union Budget on 1 Feb

Here are some interesting facts about budget speeches over the time

Nirmala Sitharaman created the record for longest Budget speech when she presented the Budget 2020-21 on Feb 1, 2020

In terms of word limit of speech’s text, Manmohan Singh created the record in 1991 with 18,650 words

In 1977, former Finance Minister Hirubhai Muljibhai Patel presented the country’s smallest budget

Carrot & Stick Budget of VP Singh for dismantling license raj in 1986 was an iconic budget speech

Manmohan Singh gave a landmark 1991 budget under the PV Narasimha Rao government that ended licence raj 

P Chidambaram in the 1997-98 budget used the Laffer Curve principle to lower tax rates to increase collections 

Yashwant Sinha’s Millennium Budget in 2000 laid the road map for the growth of India’s IT industry