Finance Ministry starts Budget 2013-14 exercise

Finance Ministry has started the process to prepare budget for the next financial year by issuing guidelines to all central government ministries and departments.

December 06, 2012 / 09:43 IST

Finance Ministry has started the process to prepare budget for the next financial year by issuing guidelines to all central government ministries and departments. The Department of Economic Affairs has also issued guidelines for framing the revised budget estimates for 2012-13.

As per the Budget circular 2013-14, estimates of expenditures are to be furnished to the Budget division in the Finance Ministry in stages by the various Ministries. Discussions regarding the estimates are scheduled to commence in October-November.

"These will focus on the net Budget of each ministry/ department, i.e. expenditure less revenue receipts and capital receipts...," the circular said. The Budget is generally presented on the last working day of February by the Union Finance Minister.

first published: Dec 5, 2012 10:11 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347