Learn what the budget session is, when it starts, its schedule, and the powers of the presiding officer.
theIAShub | 06 Feb, 2025 | 237 | 0
The President, according to the need of the time, calls upon a meeting of Parliament to conduct business. Meeting of parliament to conduct business is termed as a session. Budget session is the first session of the year and also the most important of all.
The Budget Session in Parliament is one of the most significant sessions of the year. It is when the government presents its annual financial statement, including revenue, expenditure, and future economic policies. This session ensures transparency and accountability in governance.
The Budget Session 2025 is expected to begin in the last week of January and continue until early April. It is divided into two phases, with a recess in between. The first phase includes the presentation of the Union Budget, while the second phase focuses on debates and passing the necessary financial bills.
Parliament convenes multiple times a year, and the Budget Session is its longest and most crucial session. The President addresses both Houses at the beginning, outlining the government’s policies and priorities. The Finance Minister then presents the Union Budget, detailing financial plans for the coming fiscal year.
Budget Session 2025 Schedule
The schedule for the Budget Session 2025 includes:
The session is expected to have a break of around three weeks, allowing parliamentary committees to review budget proposals.
India’s Parliament conducts three sessions each year:
The Budget Session is the most comprehensive, as it sets the tone for the fiscal year.
The Presiding Officer, which includes the Speaker of the Lok Sabha and the Chairman of the Rajya Sabha, plays a vital role in conducting the Budget Session. Their powers include:
Their role ensures that discussions remain structured and productive.
The Budget Session aims to achieve several objectives:
This session helps in shaping national economic policies and financial regulations.
For UPSC aspirants, understanding the Budget Session is essential for exams and interviews. Key areas of focus include:
Candidates should analyze budget documents and related debates to gain insights into national economic policies.
The Budget Session 2025 is crucial for shaping India’s financial and economic landscape. It provides a platform for discussions on government expenditure, revenue collection, and economic growth strategies. Understanding its schedule, goals, and parliamentary procedures is essential for anyone interested in governance, policymaking, or UPSC preparation.
The Budget Session 2025 is expected to start in the last week of January and continue until early April, with a recess in between.
The session includes the President’s Address, the Economic Survey presentation, the Union Budget presentation, debates on financial provisions, and the passing of key financial bills.
It ensures transparency in governance, allows parliamentary oversight of government spending, and sets the economic agenda for the fiscal year.
The Presiding Officer maintains order, allocates speaking time, decides on parliamentary rules, casts a tie-breaking vote, and refers matters to committees for detailed examination.
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