Interesting facts about the Budget

The process of printing documents for the Budget starts with a ritual - the 'Budget halwa' ceremony

Budget is all about numbers and which section gets what. But there is more to the Budget. Here are some facts about the Budget that we must know, as reported by The Economic Times.

1) The word 'budget' is derived from the Middle English word 'bowgette', which came from 'bougette' which means a leather bag in French. According to Article 112 of the Constitution of India, the Union Budget is a statement of the estimated receipts and expenditure of the government for that particular year.

2) The concept of a Budget was introduced in India on April 7, 1860, by