The
Union Budget of India, also referred to as the
Annual financial statement in the Article 112 of the
Constitution of India, is the annual budget of the
Republic of India. It is presented each year on the last working day of February by the
Finance Minister of India in
Parliament. The budget, which is presented by means of the Financial bill and the Appropriation bill has to be passed by the Houses before it can come into effect on April 1, the start of India's
financial year.