This is the third budget of Narendra Modi-led NDA government's second term.

The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget.

[2] The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis.

[3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson.

[4] The first Union Budget of Independent India was presented by RK Shanmukham Chetty on 26 November 1947.