can any one tell the concept behind budget in Parliament?
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Union Budget is the 'Annual Financial Statement' or the Statement of the Estimated Receipts and Expenditure of the central government before the beginning of each financial year, presented to the Lok Sabha on such day as the President might direct. ... The Budget session of Parliament is normally held from February to May.
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The General Budget is presented in Lok Sabha by the Minister of Finance, who makes a speech introducing the Budget and it is only in the concluding part of the speech that the proposals for fresh taxation or for variations in the existing taxes are disclosed.
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