Where did the word ‘budget’ come from? know the details here
Where did the word ‘budget’ come from? The Union Budget 2025 will be presented in Parliament in a day. The Union Finance Minister will present the budget on February 1, which is the subject of speculation. How much will be given to which department this time? How will the budget affect the development of the country this time? All these have been discussed since today. Wherever you look, there is only talk of the budget. There is discussion about the budget in tea shops, bus stands, and every corner, and analysis of the budget in the media.
Not only the budget of the country, we use this word a lot in our daily lives as well. In conversation, we say that I don’t need a budget to buy such and such things; I need a budget for such and such work. But do you know where this word budget came from, and what is the story behind this word budget? Let’s find out…
The word ‘budget’ comes from the French word ‘bouget’, which means a small bag. Bouget is derived from ‘bouge’, which means a leather briefcase. It is said that the then Finance Minister of England, Robert Walpole, proposed a budget in a small bag in 1733. The history of Indian budgets is more than 150 years old. After the revolution of 1857, when the British government took over the administration of India from the East India Company, the first budget of India came in 1860. The first budget of independent India came on 26 November 1947.
There have been many changes in the budget now. The style of budget presentation has also changed; the budget has become paperless and digital. But earlier the budget was associated with a leather briefcase.
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