Who introduces the budget in Parliament?

• A. The Prime Minister
• B. The Finance Minister
• C. The President
• D. The Speaker of the Lok Sabha

Answer: (B)

The Finance Minister is responsible for introducing the budget in Parliament. This is a crucial role as the budget outlines the government's planned expenditures and revenues for the upcoming financial year. By presenting the budget, the Finance Minister provides a comprehensive overview of the economic policies and priorities of the government, which are essential for the planning and implementation of public services and national development.

The budget presentation takes place in the Lok Sabha, and it traditionally happens on the last working day of February. Following the introduction, it is debated and passed by both houses of Parliament. This process exemplifies the legislative power of Parliament, as the government cannot spend money without legislative approval.

The other options are not involved in the process of budget introduction in a direct manner. The Prime Minister may have an overarching influence on budgetary policies, but it is the Finance Minister who formally presents it. The President's role is more ceremonial in this context, as they give assent to the budget only after parliamentary approval. The Speaker of the Lok Sabha facilitates the proceedings of the house, but is not the one who introduces the budget.