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Budget 2023: All you need to know about ‘Halwa’ ceremony to be held tomorrow

A customary ‘Halwa’ ceremony will be held on Thursday, January 26, to mark the final stage of the Budget preparation process.

January 25, 2023 / 03:31 PM IST
Budget 2023: 'Halwa Ceremony' marks the beginning of printing of documents relating to the Budget. (File photo from Twitter @FinMinIndia)

Budget 2023: 'Halwa Ceremony' marks the beginning of printing of documents relating to the Budget. (File photo from Twitter @FinMinIndia)

A customary ‘Halwa’ ceremony will be held on Thursday, January 26, to mark the final stage of the Budget preparation process. The Halwa ceremony is taking place five days before Finance Minister Nirmala Sitharaman presents the Union Budget for the fiscal year 2023-2024 on February 1.

The Halwa ceremony is an annual ritual in which the traditional dessert is prepared and served to officials and staff members of the finance ministry who were involved in the preparation of the Budget. It is organised every year at the Finance Ministry headquarters in the Secretariat building’s North Block basement in the national capital of New Delhi and attended by the finance minister and other high-ranking officials.

“Along with the Union FM, the Halwa ceremony will be attended by the Union Ministers of State for Finance, along with Secretaries of the Ministry of Finance besides senior officials and members of the Union Budget Press,” the Finance Ministry said in a statement.


Celebrations are usually kicked off by the finance minister stirring a cauldron or kadhai full of halwa and then serving it to colleagues.


The Halwa ceremony is considered a way of showing appreciation for the people who worked on the Budget – a process that takes months. It also sets the stage for the “lock-in” period which precedes the Budget presentation.