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FM SITHARAMAN participates in a customary HALWA event. Last stage of budget preparation

MONews
4 Min Read
New Delhi: On Friday, NIRMALA SITHARAMAN Treasury Secretary participated in the traditional ‘HALWA’ event and showed the final stage of the Federation Budget 2025-26 to be released on February 1. This event is a customary consciousness provided to the officials and employees of the Treasury, which is involved in budget preparation, with the traditional dessert ‘HALWA’. It has the ministry of the state capital and is organized in the basement of the North Block, attended by the Finance Minister and other senior officials.

According to sources, the Finance Minister participated in the event, taking the round of the budget media and preparing for the best wishes to the relevant officials.

SITHARAMAN plans to propose a budget 2025-26, which is the eighth consecutive budget, with 6.4 %of the fiscal year compared to the 8.2 %recorded in previous accounting.

As with the previous four complete trade union budgets and one temporary, the total union budget 2025-26 is delivered in a form without species.


All union budget documents, including annual financial statements (commonly known as budgets), subsidies (DG), and financial bills, are provided in the Union Budget Mobile App, which is not as cumbersome as prescribed by the Constitution. Access to budget. In addition to SITHARAMAN, other senior officials, including Pankaj Chaudhary Treasury Minister, Tuhin Kanta Pandey, Minister of Economy Ajay Seth and other senior officials, attended the event. Halwa Ceremony: It is a kind of ‘sending’ to the financial officials and employees related to the preparation of annual financial statements by the union government. They were called ‘lock’ periods, and in the meantime, they stayed in the basement of the north block and were blocked from the outside to maintain the secret around the final budget document.

They will only appear after the Treasury Secretary finishes a budget speech in Lok Sabha. It is considered gratitude to those who have made budgets. The basement of North Block has a printing machine used to print budget documents for 40 years from 1980 to 2020.

After that, the budget was printed, and the minimum document was printed and mass deployment was generated through the mobile app or website. If you go to digital, it meant that the lock period was shorter for up to 5 days from the previous period, which lasted for up to two weeks.

Printing: All budget -related documents are printed on the North Block itself using a dedicated government media. Previously, this document was printed on Rashtrapati Bhavan, but after the document was leaked, it was moved to North Block in 1950 as a media about the MINTO ROAD in the national capital. The printing of hundreds of large budget documents was a sophisticated exercise where the printing staff had to quarantine for up to two weeks inside the printing machine in the North Block.

Tradition: The NARENDRA MODI government has merged the railroad budget from 2017 to integrate the main budgets from 2017 to announce the presentation date on February 1, but solve some traditional aspects of the budget in 2014. The date of the month and in 2021 moved in digital format-as tradition ‘Hal and’ events survived.

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