2020 Union budget of India
| Submitted | 1 February 2020 |
|---|---|
| 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$360 billion) (8.5%) |
| Total expenditures | ₹35.09 trillion (US$420 billion) (28.4%) |
| Tax cuts | Numerous |
| Deficit | 9.5% |
| Website | www |
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‹ 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. The Economic Survey for 2019–2020 was released on 31 January 2020, a day before the budget. 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". These three broad themes are connected by governance that is corruption free and a financial sector that is clean and sound.
Notably, Nirmala Sitharaman read out a Kashmiri poem 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. Some of the aims announced were "improving digital governance, physical quality of life, disaster resilience and social security reach".
At 2 hours and 41 minutes, the budget speech was the longest ever delivered by a Finance Minister of India. Nirmala Sitharaman is also only the second woman to present the budget for a second time after Indira Gandhi.