The Union Budget is presented for which period?
Financial year from April to March
Under Article 112 of the Constitution, the Union Budget is the 'Annual Financial Statement', i.e. the estimated receipts and expenditure of the Government of India for a financial year.
India's financial (fiscal) year runs from 1 April to 31 March of the following year. The Budget is now presented on 1 February so that it can be passed before the year begins on 1 April.
India does not follow a January-December calendar year or a July-June year for its government accounts.
Hence, the Union Budget is presented for the financial year from April to March.
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