Union Finances 2025: Who has offered funds probably the most variety of occasions?
Jan 22, 2025 12:06 AM IST
Finance Minister Nirmala Sitharaman will current the Union funds for FY 2025-26 on February 1, setting a report for probably the most consecutive budgets offered.
Finance Minister Nirmala Sitharaman will create a report of presenting the very best variety of consecutive Union budgets on February 1. The funds for the monetary yr (FY) 2025-26 will mark her eighth consecutive annual monetary assertion, a brand new report in India’s Parliamentary historical past.
The BJP chief assumed the position of finance minister after the NDA received the 2019 basic elections. The total funds for FY 2019-20 marked Sitharaman’s first funds as a union minister. The interim funds for that yr was delivered by then finance minister and BJP chief Piyush Goyal, now serving because the minister for commerce and trade.
Final FY, Sitharaman surpassed former finance minister Morarji Desai’s report of delivering six consecutive union budgets in Parliament. Desai was finance minister beneath Jawaharlal Nehru and Indira Gandhi and later grew to become the Prime Minister of India in 1977.
Who offered probably the most variety of budgets?
Desai has offered 10 union budgets, a feat but to be surpassed. The late Janata Dal chief delivered his first funds in 1959 and offered 5 full budgets and one interim funds between 1959 and 1963. After 4 years, Desai delivered an interim funds in 1967 and three extra full budgets in 1967, 1968, and 1969.
India’s prime ministers have additionally delivered union budgets prior to now. The primary Prime Minister, Jawaharlal Nehru, offered the FY 1958-59 funds whereas he quickly dealt with the finance portfolio. Former Prime Minister Indira Gandhi tabled the FY 1969-70 funds after Desai resigned because the finance minister.
The primary funds of impartial India was offered by then finance minister RK Shanmugam Chetty on November 26, 1947, for ₹197.1 crore. In FY 2024-25, the whole expenditure in Finances Estimates (BE) grew to ₹48,20,512 crore, of which complete efficient capital expenditure was estimated at ₹15,01,889 crore. This was an 18.2 per cent improve over the revised estimates for FY 2023-24.
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