Finance Minister Nirmala Sitharaman presents Union Budget 2021-22
Last Updated : Feb 01 2021 | 9:50 AM IST
Finance Minister Nirmala Sitharaman will present the Union Budget 2021 on February 1. The Budget is an estimate of income and expenditure of the government for a set period of time. It is an annual financial statement of India. The Budget also documents how much money the Centre could expect to raise in the coming fiscal and how and where it would spend the money. The Budget is prepared by the Ministry of Finance in consultation with other ministries, states and experts. Ministry officials hold discussions with non-governmental organisations (NGOs), private sector and other stakeholders before preparing the Budget.