With Lok Sabha elections too around the corner, P Chidambaram and his Union Budget 2013 - expected to be the most austere in years - is therefore awaited with a lot of interest.
Ahead of the Finance Minister's all-important speech, Sify.com with India Blooms spoke to a cross-section of people across the nation.
The three questions that we asked were:
1) What was the biggest financial blow you had to endure in 2012?
2) Would you welcome a tax on the super rich?
3) What would you most like the finance minister to do in his upcoming budget?
Here is what our respondents had to say...