Question. While going to present the budget in the parliament, what does Finance Minister carry in that briefcase? Answer. The tradition to bring a red coloured bag to present budget started around 1860, when William Ewart Gladstone was the Chancellor of the Exchequer in Great Britain. He was notorious for presenting very long budget speeches which lasted 5 to 6 hours. Since such long budget speeches required lots of files & documents, he felt the need of a box to organize and carry them to the parliament (House of Commons). That is why a red coloured leather box (briefcase) called the “Budget Box” was presented to him by the Queen for this purpose. - Study24x7
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UPSC Civil Services Exam Previous Year Question Papers
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Question. While going to present the budget in the parliament, what does Finance Minister carry in that briefcase? Answer. The tradition to bring a red coloured bag to present budget started around 1860, when William Ewart Gladstone was the Chancellor of the Exchequer in Great B...

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