Here Are Some Of The Budget Facts That You Must Know The word budget comes from French word 'bougette', which means a leather pouch, little bag, or briefcase In India, budget proposals were first presented by James Wilson, 'finance member' of the India Council, in 1860 Independent India's first Union Budget was presented by RK Shanmukham Chetty on November 26, 1947 Until 1999, the budget used to be announced at 5 pm, instead of the present slot of 11 am In 2017, when late Arun Jaitley was FM, the Union Budget presentation date was changed to Feb 1, from last working day of the month 73 annual budgets presented since Independence Morarji Desai presented 10 budgets, the maximum by any finance minister Nirmala Sitharaman is India's second woman finance minister after Indira Gandhi Nirmala Sitharaman will be presenting 4th consecutive Union Budget on Feb 1, 2022 Nirmala Sitharaman's 2020 Union Budget speech lasted 2 hrs & 40 mins, a record Budget documents are printed in a govt press in North Block From 1955, Union Budget documents were started to be printed in both Hindi & English From 2020, Indian Union Budget has gone paperless Photos: Getty