Union Budget likely on February 1; official session dates awaited

The government is likely to stick to February 1 for the presentation of the Union Budget, sources told CNBC-TV18, even as an official announcement on the dates of the Budget Session of Parliament is still awaited.

According to sources, preparations for the annual financial exercise are proceeding on the assumption that the finance minister will present the Budget on the customary date. Any deviation from February 1 is seen as unlikely at this stage, despite the absence of a formal notification.

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Presenting the budget on a weekend would not be unprecedented.
In recent years, the Union Budget has been tabled on non-working days to avoid disruption to markets. The budget for 2020–21 was presented on Saturday, February 1.

The budget session dates are typically announced by the Parliamentary Affairs Ministry closer to the session, following consultations with key stakeholders.

An official confirmation is expected in the coming days.

The Union Budget is a key policy document outlining the government’s fiscal priorities, expenditure plans and reform roadmap for the upcoming financial year.