Budget Day


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Budget Day

April 9
As a general term, Budget Day refers to the day on which a government official presents the budget for the following year. In England, however, there is a tradition of having the Chancellor of the Exchequer carry the dispatch box containing papers relating to the government's revenues and expenditures for the coming year from the Prime Minister's residence at 10 Downing Street in London to the House of Commons on April 9.
The word "budget" originally referred to a leather wallet or bag, and the Chancellor of the Exchequer carried the government's financial papers in such a bag. The expression "to open one's budget" meant "to speak one's mind." Eventually the word came to stand for the contents of the bag, and the Chancellor of the Exchequer was said to be "opening the budget" when he presented his annual statement to the House of Commons. The modern meaning of the word dates from the mid-18th century.
CONTACTS:
Parliament of the United Kingdom Information Service
House of Lords
London, SW1A 0PW United Kingdom
44-20-7219-3000; fax: 44-20-7219-0620
www.parliament.uk
SOURCES:
AnnivHol-2000, p. 60
DictDays-1988, p. 16
References in periodicals archive ?
The potential reduction in opening hours of Shotts Leisure Centre had been the main concern of residents in the buildup to budget day last Friday.
He leaked the idea of "intergenerational fairness" taxation five weeks before Budget Day to see if it flies - or bombs like his manifesto dementia tax.
In a statement Friday, he strongly condemned oppression and violence on peaceful farmers protesting for solution of their problems and rights on budget day in Islamabad and said that peaceful protest is right of everyone but the rulers are dead drunk in power, there was no justification for brutal violence, lathi charge and tear gassing as well as arrests of the farmers, who are backbone of the national economy the rulers have once again proved that N-League government is enemy of the farmers whereas when how a country can be prosperous when its farmers are not prosperous.
He strongly condemned oppression and violence on peaceful farmers protesting for their rights on budget day in Islamabad.
Government bond market witnessed high volatility on the Budget day but at close the benchmark yield on the 10-year was marginally higher at 6.
He had told the Dail on Budget Day that he had discussed the scheme with the governor, which the governor denied.
The significance of Budget Day has eroded, as several similar events clutter the parliamentary diary: autumn statements, comprehensive spending reviews, mini-budgets.
Budget Day boost as new figures showed record UK employment and another fall in the jobless total.
An appeal for oil BUDGET Day is meant to be the big ticket on the political calender.
Maybe the guy has mixed up Budget day with April Fools' Day.
The Lib Dem, now director of policy for Royal London, said: "My plea to the Chancellor would be, on Budget day, tell us you are leaving it at least for a parliament so people can plan for the long term.
And the total number of politicians demanding he help the ailing industry is expected to rise to 100 by Budget day on March 16.