This is an archive article published on January 28, 2023
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Halwa, briefcase, and other Union Budget-related facts

Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. The halwa ceremony to mark the final stage of the Budget preparation was held on January 26. What's the significance of the ceremony?

Budget halwa ceremony, why do we have Budget halwa ceremony, Union budget 2023, Nirmala Sitharaman, indian expressUnion Finance Minister Nirmala Sitharaman distributes halwa to members of the Budget Press and other staffers on January 26. (Photo: Twitter/@FinMinIndia)
4 min readNew DelhiJan 31, 2023 09:32 PM IST First published on: Jan 28, 2023 at 07:13 PM IST

The final stage of the Budget preparation process for 2023 kicked off with the traditional halwa ceremony on January 26 at the North Block, which houses the Finance ministry.

Finance Minister Nirmala Sitharaman will present the Budget on February 1. The halwa ceremony resumed this year after a Covid-induced break.

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What is the Budget halwa ceremony?

Held some days before the Budget is to be presented, the halwa ceremony involves the Finance Minister stirring a large pan of the halwa, and the sweet then being distributed to ministry officials and staff members.

The ceremony marks the beginning of the budget ‘lock-in’ period. After the halwa is served, officials and support staff directly associated with the Budget process – its preparation and printing — stay in the North Block, cut off from everyone, including their families, till the Budget is presented. This is done to maintain the secrecy of the Union Budget.

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