India

Budget 2024: 7 interesting facts about Indian Budget you should know

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Union Budget

The Union Budget is the financial plan for the country that outlines expected income and expenditure, typically for a year. 
 

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First Budget

The first Union Budget of independent Indian was presented by RK Shanmukham Chetty in 1947. 
 

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Budget presentation time

In 1999, during the Vajpayee government, former FM Yashwant Sinha changed the Budget presentation time from 5 pm to 11 am. 
 

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Morarji Desai

Former Prime Minister Morarji Desai holds the record for presenting the most number of budgets. He presented a total of 10 budgets. 
 

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P Chidambaram

Former FM P Chidambaram holds the record for presenting the second most number of budgets, with a total of 9. 
 

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Shortest speech

Former FM Hirubhai Muljibhai Patel’s interim budget speech in 1977 is the shortest ever delivered. It consisted of only 800 words. 
 

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Longest speech

Finance Minister Nirmala Sitharaman holds the record for delivering the longest budget speech. Her speech on February 1, 2020, lasted 2 hours and 40 minutes.

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