Union Budget Preparation Responsibility
The preparation and presentation of the Union Budget of India are primarily handled by the Department of Economic Affairs (DEA).
This department functions under the Ministry of Finance.
Key Role of the Department of Economic Affairs
- The DEA drafts the budget, incorporating inputs from various ministries and stakeholders.
- It coordinates the entire budget-making process.
- The Finance Minister, representing the government, presents the budget in the Parliament based on the groundwork laid by the DEA.
While other departments like Revenue and Expenditure are involved in specific aspects (taxation policies, spending allocations), the overall responsibility for the compilation and presentation lies with the Department of Economic Affairs.
Important Questions from Budget
The first Economic Survey of India was presented in ______.
As announced in the Union Budget of FY 2022, how many pilot projects are to be set up for coal gasification?
What is the approximate amount to be mobilised for the National Highways Network expansion as per the Union Budget 2022-23?
Which of the following budget was primarily focused on the I.T sector and promoting India as a major software hub?
What name did the Delhi government give to the annual financial statement "Budget" in the year 2021?
