<P> The Union Budget of India , also referred to as the Annual Financial Statement in the Article 112 of the Constitution of India , is the annual budget of the Republic of India . The Government presents it on the first day of February so that it could be materialized before the commencement of new financial year in April . Till 2016 it was presented on the last working day of February by the Finance Minister of India in Parliament . The budget , which is presented by means of the Finance bill and the Appropriation bill has to be passed by both the Houses before it can come into effect from April 1 , the start of India 's financial year . </P>
who present the central budget in lok sabha
the Finance Minister of India