Budget Speech

Union budget in India plays a significant role to achieve financial goals and operational objectives of the economy. It is an extensive account of financial activities of a government for a specific fiscal year. The union budget estimates annual expenditures and revenue generation for a financial year. This is presented before the parliament in the last day of budget session and the union finance minister addresses the members of the house about his budget details with a budget speech.

Budget speech of the Union Finance Minister is an indispensable part of the budget session. It a brief account of extensive budgetary measures for the coming fiscal year. The finance minister appraises the house about financial strategies related to government's financial activities. A budget speech exhibits the over all financial planning of the government considering the ongoing economical trends and constraints.

The union finance minister's budget speech consists of two parts. Part A presentation of budget speech is based on general economic surveys and the Part B reveals about taxation proposal. Finance minister's budget speech highlights on various financial measures in term of taxation, fiscal control, infrastructure development, fund allocation, financial reforms etc. More over budget speech also reflects the commitment of government toward good governance and economic development.