| Annual Financial Statement of the Central Government for the year 2020–21 The Finance Bill, 2020 | |
|---|---|
 | |
| Submitted | 1 February 2020 |
| Submitted by | Nirmala Sitharaman (Minister of Finance) |
| Submitted to | Parliament of India |
| Presented | 1 Feb 2020 |
| Passed | 23 March 2020 |
| Parliament | 17th (Lok Sabha) |
| Party | Bharatiya Janata Party |
| Finance minister | Nirmala Sitharaman |
| Total revenue | ₹30.83 trillion (US$390 billion)  (8.5%) |
| Total expenditures | ₹35.09 trillion (US$440 billion)  (28.4%) |
| Tax cuts | Numerous |
| Deficit | 9.5% |
| Website | www |
|
‹ 2019 2021› | |
The 2020 Union Budget of India (ISO: 2020 kē liē Bhārat kā Kēndrīya Bajaṭ) was presented by the Finance Minister, Nirmala Sitharaman on 1 February 2020, as her second budget. This is the second budget of Narendra Modi-led NDA government's second term.[1][2] The Economic Survey for 2019–2020 was released on 31 January 2020, a day before the budget.[3] Before the budget speech the report of the 15th Finance Commission was tabled by the Finance Minister.
The central ideas of the Budget are "Aspirational India, Economic development, A Caring Society".[4] These three broad themes are connected by governance that is corruption free and a financial sector that is clean and sound.[5]
Notably, Nirmala Sitharaman read out a Kashmiri poem[a] during the budget speech in the Parliament, a Tamil couplet written by Thiruvalluvar and a verse from the Sanskrit work Raghuvamsam as well as a French phrase.[6][7][8] Some of the aims announced were "improving digital governance, physical quality of life, disaster resilience and social security reach".[5]
At 2 hours and 41 minutes, the budget speech was the longest ever delivered by a Finance Minister of India.[9] Nirmala Sitharaman is also only the second woman to present the budget for a second time after Indira Gandhi.
- ^ Sharma, Shantanu Nandan; Layak, Suman (13 January 2020). "What FM Nirmala Sitharaman could do in Budget 2020 to boost demand and revive economy". The Economic Times. Retrieved 13 January 2020.
- ^ Singh, Sandeep (12 January 2020). "Budget for the Common Man: Key Income Tax Changes Announced in Past Budgets". NDTV. Retrieved 13 January 2020.
- ^ "Economic Survey 2020 to be presented in both Houses today as Budget session begins". India Today. 31 January 2020. Retrieved 31 January 2020.
- ^ Ray, Anulekha (1 February 2020). "Budget 2020 highlight: ₹99,300 crore for education sector, new income tax slab". Livemint. Retrieved 1 February 2020.
- ^ a b Ministry of Finance (1 February 2020). "Summary of Union Budget 2020-21". Press Information Bureau, Government of India. Retrieved 6 February 2020.
- ^ Cite error: The named reference
:4was invoked but never defined (see the help page). - ^ Desk, The Hindu Net (1 February 2020). "Budget 2020 | When Thiruvalluvar met Modi". The Hindu. ISSN 0971-751X. Retrieved 1 February 2020.
- ^ Kapur, Manavi (February 2020). "Who is the Kashmiri poet Nirmala Sitharaman quoted in her loooooooong budget speech?". Quartz India. Retrieved 3 February 2020.
- ^ Prabhu, Sunil (1 February 2020). Ghosh, Deepshikha (ed.). "Unwell, Nirmala Sitharaman Cuts Short Longest-Ever Budget Speech". NDTV. Retrieved 3 February 2020.
Cite error: There are <ref group=lower-alpha> tags or {{efn}} templates on this page, but the references will not show without a {{reflist|group=lower-alpha}} template or {{notelist}} template (see the help page).
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