By Admin 
Budget 2026: As soon as every new year begins, the eyes of the country focus on a special day. When the government presents the outline of its future economic plans before the entire country. The discussion regarding the general budget intensifies from common people to special people.
Every section of the union expects something or the other from the budget. This year also the budget will be presented on 1st February only. But amid all this, one thing often comes to people’s mind that why has the date of February 1st been fixed for the budget and what is the reason behind it?
tradition from the British era
The date of presenting the budget in the country has not always been 1 February. Before 2017, the Union Budget was presented in Parliament on the last day of February. This system was going on since the time of British rule.
Which was continued for a long time even after independence. The budget continued to be presented under this tradition for many decades. In 2017, the Modi government at the Center decided to make changes in this old system.
New arrangement to bring budget on 1st February
In the year 2017, the then Finance Minister Arun Jaitley had taken the initiative to change the date of the budget and it was shifted from the end of February to 1st February. The government behind this change believed that this would provide additional time to implement financial operations in a better way.
Since the new financial year starts from April 1, it used to take a lot of time to discuss and approve the earlier budget. The schemes were delayed if the budget was not received on time. Now, with the presentation of the budget on February 1, the government gets enough time to take necessary decisions and release funds.
Mutual fund investors hope for relief
Mutual fund investors have big expectations from the government from Budget 2026-27. While sending its recommendations to the Finance Ministry, AMFI, an organization of mutual fund companies, has laid special emphasis on increasing the savings of the middle class.
On behalf of the organization, a demand has been made to the Central Government to encourage retail investors for long term investment and provide tax relief. If the government implements these suggestions, small and medium investors can get direct benefits.
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