#NewDelhi: The word budget comes from the French word ‘bougette’, which means leather briefcase. The finance minister to present the budget with this briefcase. But in 2020 the rule was changed by Indian Finance Minister Nirmala Sitharaman. Instead of a briefcase, he came to present the budget with a digital tablet. Let’s take a look at the history of budget.
Origin and history of budget-
The word budget is derived from the French word ‘buget’, which literally means leather briefcase. This tradition has been going on in the United Kingdom since the 18th century. The first budget box was designed by the Chancellor of the United Kingdom in 180. Which is known as the Red Gladstone Box.
India’s budget bag –
Indian finance ministers have followed the British tradition in presenting the budget. But no specific color was used in their briefcase. India’s finance ministers have used different colored briefcases in presenting the Union Budget.
Finance Minister Nirmala Sitharaman broke that tradition
In the 2019 Union Budget, Finance Minister Nirmala Sitharaman used a ‘ledger’ instead of a briefcase. At that time, when various controversies arose about breaking this tradition, Finance Minister Nirmala Sitharaman said, ‘I did not carry any suitcase in Budget 2019. Because we are not a government carrying a suitcase. Modi’s government is not a suitcase government.
Use of high tech technology in 2020 –
In 2020, Indian Finance Minister Nirmala Sitharaman set a new precedent. In the 2020 budget, Finance Minister Nirmala Sitharaman used tablets instead of ‘books’. The use of hi-fi technology has started in the central budget of India instead of the old tradition. According to the central government, tablets have been used to create paperless budgets due to Corona.
In fact, when presenting the central budget, the finance minister used to bring the budget bag. It contained a variety of documents, which were prepared to be presented in the budget. Different types of financial documents and budget speeches were brought in. All the documents were brought in that budget bag. Many people call a budget briefcase a budget bag.
Tags: Budget 2022, Union Budget 2022
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