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 ?
In the letter, Makhlouf said, 'The release of budget information two days before budget day was a serious matter and, as secretary to the treasury, I was ultimately responsible for maintaining the embargo.
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LAHORE -- DIG Operations Lahore Ashfaq Khan Friday visited the Punjab Assembly on the Annual Budget Day of the Punjab province to review security arrangements at the building and related places.
Speaker Parvez Elahi had also not given any such guarantee to the Treasury for the budget day.
Yesterday morning, on Budget Day, Wajir East MP Rashid Amin punched Wajir Woman Rep Fatuma Gedi in the Parliament parking lot (see P8).
This newsletter is a snap shot of the 2019 Budget as presented by Honourable Premier on Budget Day.
PTI lawmakers were stuck on their demand to get recover Rs900,000, the estimated damage from the ruckus on budget day, from the pockets the PML-N MPAs involved.
The report published on Budget Day makes some 20 five recommendations ranging from governance issues to resource issues to legislative issues."
One is Lindsay Hoyle, a deputy speaker, who has demonstrated his firmness and natural ability for the job when he has taken charge, particularly on Budget Day.
The potential reduction in opening hours of Shotts Leisure Centre had been the main concern of residents in the build-up to budget day.
Government bond market witnessed high volatility on the Budget day but at close the benchmark yield on the 10-year was marginally higher at 6.42%.
Budget Day boost as new figures showed record UK employment and another fall in the jobless total.