The Union Budget is presented in Parliament on:
-
A.
1st January
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B.
1st February
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C.
15th August
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D.
2nd October
Correct Answer:
B. 1st February
Explanation:
Starting in 2017, the Government of India transitioned the presentation of the Union Budget to February 1st, moving away from the colonial-era tradition of the last working day of February. This shift was implemented to ensure that the budgetary process and legislative approvals are finalized before the new fiscal year begins on April 1st. By presenting the budget earlier, government departments and ministries have sufficient time to prepare and execute their planned policies and expenditure from the very start of the financial year. For the 2026-2027 fiscal period, the budget was presented on February 1, 2026, by the Finance Minister.
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