Why is the Budget presented on 1 February?

Finance minister Nirmala Sitharaman will be presenting the Union Budget in Parliament for the 8th time this year on ‘February 1’.

but do you know why it is presented on 1st february?

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Union Budget is now presented on February 1, a trend well-established over the last few years.

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Budget was earlier presented by the end of February, specifically the last working day of the month.

Shift in the Budget presentation date took place in 2017 under the tenure of Finance Minister Arun Jaitley.

Before that, the Union Budget was presented towards the end of February, often on February 28.

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