Which one of the following is responsible for the preparation and presentation of Union Budget of the Parliament?

The Budget Division of the Department of Economic Affairs (DEA) in the Ministry of Finance is the nodal agency responsible for preparation of the Union (Annual Financial) Budget; it compiles estimates submitted by ministries and finalizes the Annual Financial Statement [2]. The Budget is presented to Parliament by the Finance Minister, with the General Budget introduced first in Lok Sabha and then in Rajya Sabha [3]. Therefore, among the given departmental options, the Department of Economic Affairs is the correct choice as the principal department charged with budget preparation and coordination for presentation.

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 5: Indian Tax Structure and Public Finance > How is the Budget Prepared by the Government? > p. 119
2. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 4: Government Budgeting > 4.1 Introduction > p. 146
3. [3] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 4: Government Budgeting > 4.2 Budget Procedure > p. 148