8th Consecutive Budget

8th Consecutive Budget

Nirmala Sitharaman Creates History with 8th Consecutive Union Budget – Detailed Notes

1. Introduction

  • Union Finance Minister Nirmala Sitharaman created history by presenting the 8th consecutive Union Budget on February 1, 2025.
  • This milestone brings her closer to the record of 10 budgets presented by former Prime Minister Morarji Desai.
  • She holds the record for presenting the maximum consecutive budgets under one Prime Minister (Narendra Modi).

2. Key Highlights of Budget 2025

  • Presented amid economic slowdown and rising demand for tax cuts for the middle class.
  • Focus on fiscal consolidation, infrastructure, and welfare schemes.
  • Expected to shape the economic roadmap for Modi 3.0 government.

3. Budget Presentation Records in India

(A) Maximum Number of Budgets by Finance Ministers

Finance Minister Number of Budgets Time Period
Morarji Desai 10 1959-1969
P. Chidambaram 9 1996-2014
Pranab Mukherjee 8 1982-2012
Nirmala Sitharaman 8 (Consecutive) 2019-2025
Manmohan Singh 5 1991-1995

Morarji Desai (Record Holder – 10 Budgets)

  • Presented six budgets (1959-1964) as Finance Minister under Jawaharlal Nehru.
  • Presented four budgets (1967-1969) under Lal Bahadur Shastri and as Deputy Prime Minister under Indira Gandhi.

P. Chidambaram (Second Highest – 9 Budgets)

  • 1996 & 1997 – Under H.D. Deve Gowda (United Front Government).
  • 2004-2008 – Under UPA-I Government.
  • 2013 & 2014 – Under UPA-II Government.

Pranab Mukherjee (Third Highest – 8 Budgets)

  • 1982, 1983, 1984 – Under Indira Gandhi & Rajiv Gandhi.
  • 2009-2012 – Under UPA Government.

Nirmala Sitharaman (8 Consecutive Budgets)

  • Became India’s first full-time woman Finance Minister in 2019.
  • Presented 8 budgets continuously from 2019-2025 under PM Modi.

4. Important Budget Records in India

(A) India’s First Budget (1947)

  • Presented on November 26, 1947, by R.K. Shanmukham Chetty.
  • Focused on post-independence economic policies.

(B) Longest Budget Speech

  • Nirmala Sitharaman (2020 Budget) – 2 hours 40 minutes.
  • Had to cut short the speech due to health reasons.

(C) Shortest Budget Speech

  • Hirubhai Mulljibhai Patel (Interim Budget 1977) – 800 words.

(D) Budget Timing Changes

  1. Pre-1999 – Presented at 5 PM, following British colonial tradition.
  2. Post-1999Yashwant Sinha (Finance Minister under Vajpayee) changed it to 11 AM for better planning.

(E) Budget Date Change (2017)

  • Earlier, the Budget was presented on February 28.
  • Changed to February 1 in 2017 under Arun Jaitley.
  • Allowed Parliament to approve financial proposals before April 1, ensuring smooth implementation.

5. Importance of Budget 2025 for Competitive Exams

  • UPSC, BPSC, RPSC & other exams frequently ask about economic policies, finance ministers, and budget history.
  • Key Takeaways for Exams:
    • Nirmala Sitharaman’s historic 8th consecutive budget.
    • Record holders for maximum budgets presented.
    • Changes in budget date & timing.
    • First budget & important milestones.

6. Conclusion

  • Budget 2025 is crucial for India’s economic roadmap under PM Modi’s third term.
  • Nirmala Sitharaman’s consistent leadership in presenting budgets makes her one of India’s most significant finance ministers.

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