From 'Bougette' to Digital: The Fascinating Journey of the Word 'Budget'

• The word 'Budget' originated from the French word 'Bougette', meaning 'a small leather bag'.
• The tradition began in Britain when the Finance Minister presented financial documents in a leather bag, leading to the phrase "The Budget has opened."
• Sir Robert Walpole, Britain's first Prime Minister and Finance Minister, presented the world's first formal budget in 1733.
• In India, James Wilson, Finance Member of the East India Company, presented the first budget on April 7, 1860, earning him the title 'Father of the Indian Budget'.
• The Budget presentation has evolved from briefcases to 'Bahi Khata' and is now entirely digital via a tablet since 2021.

Why It Matters: The word 'Budget' has a rich history, evolving from a French leather bag to a digital presentation today.