Question

Who give the permission to introduce Budget in the Parliament: ​

Answer 1

Answer:

The Union Budget of India, referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the very first day of February by the Finance Minister of India in Parliament.

Answer 2

Answer:

Finance Minister of India gave the permission to introduce Budget in the Parliament.

Explanation:

The budget is a forecast of the government of India's anticipated revenues, expenses, and other components for a given fiscal year.

Presentation of the Budget

• It is delivered on the first day of February as of 2017. (earlier it was presented on the last working day of February).
• The Lower House (Lok Sabha) is where the Finance Minister first submits the budget and does his "budget address."
• There is no discussion the day it is introduced; it may be brought before the House in two or more sections.
• The Upper House receives the budget after Lok Sabha (Rajya Sabha).

Minister of Finance

• The head of India's Ministry of Finance is the Finance Minister.
• The Finance Minister is in charge of the government's financial strategy.
• One of the Finance Minister's primary responsibilities is to present the Union Budget to Parliament.

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