Question
Download Solution PDFWho among the following presented the annual budget for the year 2023?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Nirmala Sitharaman.
Key Points
- Nirmala Sitharaman is the Finance Minister of India as of 2023.
- She presented the annual budget for the year 2023 in the Parliament.
- This was her fifth consecutive budget presentation since she took office in 2019.
- The budget presentation took place on February 1, 2023.
- Nirmala Sitharaman is the second female Finance Minister of India after Indira Gandhi.
Additional Information
- Union Budget:
- The Union Budget is the annual financial statement of India presented by the Finance Minister.
- It outlines the government's revenue and expenditure for the upcoming fiscal year.
- The budget is presented on February 1st each year.
- Budget 2023 Highlights:
- Focus on economic recovery post-COVID-19.
- Increased allocation for infrastructure development.
- Emphasis on healthcare and education sectors.
- Finance Ministry:
- The Ministry of Finance is responsible for managing the financial resources of the government.
- It oversees taxation, financial regulations, and economic policies.
- The Finance Minister is the head of the Ministry.
- Economic Survey:
- Presented a day before the Union Budget.
- Provides an overview of the economic development in the country over the past year.
- Helps in understanding the economic challenges and formulating the budget accordingly.
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