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Union budget 2022 know General Budget facts Finance Minister Nirmala Sitharaman | These 7 very interesting things related to the general budget will surprise you, know how the government keeps the whole process secret

Budget 2022: These 7 very interesting things related to the general budget will surprise you, know how the government keeps the whole process secret

Highlights

  • Finance Minister Nirmala Sitharaman will present the budget for the financial year 2022-23
  • General budget 2022 is coming between Omicron crisis and elections in 5 states
  • Top Finance Ministry officials, experts, technicians and stenographers remain in captivity

New Delhi. The fourth budget of the second term of the Modi government is going to be presented on February 1, 2022. The country’s first full-time woman Finance Minister Nirmala Sitharaman will present the budget for the financial year 2022-23. Between the post-Corona Omicron crisis and elections in 5 states, many major economic reforms are expected in this budget. The security of North Block is very tight at the time of budget preparation.

Let us inform that only after the payment of the Halwa ceremony in North Block, the officials involved in preparing the budget are given a kind of imprisonment. Intelligence Bureau (IB) officers headed by the Joint Secretary keep an eye on every activity of the budget making team. An interesting thing about budget printing is that the officials involved in the preparation of the budget are imprisoned till the presentation of the budget and their contact with the rest of the world is cut off for a few days. You also know some interesting information related to the budget.

These officers are imprisoned

Officials imprisoned during the budget preparation process over the secrecy of the budget include officials belonging to the finance ministry as well as experts, printing technicians and some stenographers in North Block. These people are not able to talk to their family even during this time. If the family members also have to give any very important information to their family member, then they can just send the message to a given number.

They have the most monitoring

Out of all these officers, stenographers have the most supervision. To avoid the possibilities of cyber theft, the computers of the stenographers are away from the servers of National Informatics Center (NIC). Where all these people are, there is a powerful jammer installed so that calls can be blocked and no information is allowed to leak.

Circular is issued

In budget formulation, first of all the circular is sent by the Budget Division of the Ministry of Finance to all the Ministries, Departments, States, Union Territories, Defense Forces and Autonomous Bodies. In response, they have to give details along with their respective expenditure for the coming financial year, details of special projects and fund requirement. After the arrival of these demands, there are many meetings between the Central Ministries and the Department of Expenditure of the Ministry of Finance.

pre-budget meetings

In the process of budget formulation, the Department of Economic Affairs and the Department of Revenue hold pre-budget meetings with representatives of various industries. Demands and suggestions of various sectors are taken in these pre-budget consultation meetings. The final decision on tax proposals is taken with the Finance Minister. Prior to that the proposals are also discussed with the Prime Minister.

The employees of the Ministry of Finance unite day and night

The budget formulation is done in the North Block where the top officials of the Finance Ministry, experts, printing technicians and stenographers are kept in a sort of captivity. In the seven days before the budget is prepared, these people are completely cut off from the outside world. In North Block, these employees of the Ministry of Finance work day and night in budget preparation.

North Block is converted into a fort

The security of North Block is very tight at the time of budget preparation. Intelligence Bureau officials headed by the Joint Secretary keep an eye on every activity of the budget making team. Stenographers in particular are most closely watched. In this way, the budget is prepared in very tight security.

Where is the country’s budget printed?

The budget speech of the Finance Minister is considered to be the safest document. Therefore, it is handed over to the printers two days before the announcement of the budget. For information, let us tell you that earlier the budget papers were printed inside the Rashtrapati Bhavan, but after the leak of the budget of the year 1950, the budget started appearing in a press in Minto Road. Since 1980, the budget is being printed in the basement of North Block.

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