2020 Union budget of India

2020 (2020) Union Budget of India
Emblem of India
Submitted1 February 2020
Submitted byNirmala Sitharaman
(Minister of Finance)
Submitted toParliament of India
Presented1 Feb 2020
Passed23 March 2020
Parliament17th (Lok Sabha)
PartyBharatiya Janata Party
Finance ministerNirmala Sitharaman
Total revenue₹30.83 trillion (US$370 billion) Decrease(8.5%)
Total expenditures₹35.09 trillion (US$420 billion) Increase(28.4%)
Tax cutsNumerous
Deficit9.5%
Websitewww.indiabudget.gov.in
‹ 2019
2021›

The 2020 Union Budget of India (ISO: 2020 Ke liye Bhārat Kā Saṅghīya 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.

  1. ^ 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.
  2. ^ Singh, Sandeep (12 January 2020). "Budget for the Common Man: Key Income Tax Changes Announced in Past Budgets". NDTV. Retrieved 13 January 2020.
  3. ^ "Economic Survey 2020 to be presented in both Houses today as Budget session begins". India Today. 31 January 2020. Retrieved 31 January 2020.
  4. ^ Ray, Anulekha (1 February 2020). "Budget 2020 highlight: ₹99,300 crore for education sector, new income tax slab". Livemint. Retrieved 1 February 2020.
  5. ^ a b Ministry of Finance (1 February 2020). "Summary of Union Budget 2020-21". Press Information Bureau, Government of India. Retrieved 6 February 2020.
  6. ^ Cite error: The named reference :4 was invoked but never defined (see the help page).
  7. ^ "Budget 2020 | When Thiruvalluvar met Modi". The Hindu. 1 February 2020. ISSN 0971-751X. Retrieved 1 February 2020.
  8. ^ Kapur, Manavi (February 2020). "Who is the Kashmiri poet Nirmala Sitharaman quoted in her loooooooong budget speech?". Quartz India. Retrieved 3 February 2020.
  9. ^ Prabhu, Sunil (1 February 2020). Ghosh, Deepshikha (ed.). "Unwell, Nirmala Sitharaman Cuts Short Longest-Ever Budget Speech". NDTV. Retrieved 3 February 2020.


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