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Submitted | 1 February 2020 |
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Submitted by | Nirmala Sitharaman (Minister of Finance) |
Submitted to | Parliament of India |
Presented | 1 Feb 2020 |
Passed | 23 March 2020 |
Parliament | 17th (Lok Sabha) |
Party | Bharatiya Janata Party |
Finance minister | Nirmala Sitharaman |
Total revenue | ₹30.83 trillion (US$370 billion) ![]() |
Total expenditures | ₹35.09 trillion (US$420 billion) ![]() |
Tax cuts | Numerous |
Deficit | 9.5% |
Website | www |
‹ 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.
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