This year, the Budget Session of the Parliament will commence from January 31 and will conclude on April 3, 2020, with the second phase of the budget session being held from March 2 to April 3. During the budget session, Finance Minister Nirmala Sitharaman will present the second Union Budget on February 1.

The Union Budget is an annual exercise by the Central government and has two major parts: The Revenue Budget and the Capital Budget. While the Revenue Budget comprises of revenue receipts and expenditures such as tax revenue, non-tax revenue among others. On the other hand, the Capital Budget comprises of capital receipts such as borrowings, disinvestment, creation of assets and investments to name a few.