The Union Finance Ministry advanced budget formulation exercise by over 2 months for the financial year 2016-17.
Ministry said that in consonance with the objective of the government to have wider consultations with various stakeholders as well as to provide more time for the planners, it has been decided to start the Budget exercise by middle of August 2015.
It also said that the Budget circular, which marks the beginning of Budget formulation exercise, is being issued by Budget Division. The budget exercise, which normally starts during later part of October.
The Union Budget is traditionally unveiled on the last working day in the month of February of the year.
Advanced Budget 2016-17 preparations by over 2 months
No comments:
Post a Comment