The budget’s French connection

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If you had seen videos or pictures of finance minister Tengku Zafrul Aziz leaving his ministry or in his car or walking into Parliament to table Budget 2022 on Oct 29, you would have noticed him carrying a leather briefcase containing the budget speech.In doing this, Zafrul was merely following tradition. Finance ministers in almost all countries carry such a bag or briefcase when entering Parliament to present the budget.Have you ever wondered why this annual presentation of the government’s economic plan for the year – aimed at seeking approval from the people’s representatives to use money from reserves or lenders – is called the budget? The secret lies in the bag or briefcase that the finance minister carries.You see, the word “budget” comes from the French “bougette”, which means a small leather bag. Originally, the bougette was a leather pouch used by French merchants to …