The Union Budget of India is the central government’s annual financial statement, presented every year by the finance minister in Parliament, usually on February 1. It is prepared by the Ministry of Finance and approved by the President of India before being tabled in the Lok Sabha. The budget provides a detailed estimate of the government’s income (revenue) and expenditure for the upcoming financial year, which runs from April 1 to March 31.
The Union Budget is divided into two parts—Revenue Budget (covering taxes, duties, and revenue expenditure) and Capital Budget (covering loans, investments, and capital expenditure). It plays a critical role in policymaking, economic planning, and the allocation of resources across key sectors such as agriculture, defense, healthcare, education, industry, and infrastructure.
Apart from financial allocations, the budget also announces new schemes, tax reforms, subsidies, and welfare measures that directly affect businesses and citizens. It impacts inflation, employment, and investment patterns, making it one of the most anticipated policy documents of the year.
By outlining fiscal deficit targets, growth projections, and policy directions, the Union Budget acts as a guiding framework for India’s economic development and reflects the government’s vision for the nation’s future.
following are the list of Union Budget highlights of India:
- Union Budget highlights 2025-26.
- Union Budget highlights 2024-25.
- Union Budget highlights 2023-24.
- Union Budget highlights 2022-23.
- Union Budget highlights 2021-22.