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Budget Session 2022

Budget:

The Budget Session of Parliament has begun and is scheduled to conclude on April 8.

  • First, President Ram Nath Kovind will address both Houses in the Central Hall.
  • The Economic Survey 2021-22 will be laid by Finance Minister Nirmala Sitaraman in Lok Sabha on January 31.
  • The Budget will be presented by her on February 1 at 11 am.
  • There will be no Zero Hour and Question Hour in both Houses of Parliament during the first two days of the Budget Session.
  • During the First Part of the Session after the presentation of the Budget (February 2-11), 40 hours of normal time will be available for various Businesses such as Question, Private Members’ Business, Discussion on Motion of Thanks, General Discussion on Union Budget, etc.
  • Article 85 requires that there should not be a gap of more than six months between two sessions of Parliament.
  • The Constitution does not specify when or for how many days Parliament should meet.
  • The procedure for presentation of the Budget in and its passing by Lok Sabha is as laid down in articles 112—117 of the Constitution of India, Rules 204—221 and 331-E of the Rules of Procedure and Conduct of Business in Lok Sabha and Direction 19-B of Directions by the Speaker.
  • The Budget is presented to Lok Sabha on such day as the President may direct.
  • Immediately after the presentation of the Budget, the following three statements under the Fiscal Responsibility and Budget Management Act, 2003 are also laid on the Table of Lok Sabha:
    • (i) The Medium-Term Fiscal Policy Statement;
    • (ii) The Fiscal Policy Strategy Statement; and
    • (iii) The Macro Economic Framework Statement.

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