Explain the Process of Budget enactment in India.

Question

22 Jan 2025

Answer :

Word Count : 309

In India, the process of budget enactment follows a structured procedure that involves multiple stages and authorities. It begins with the preparation of the budget by the Ministry of Finance, specifically the Department of Economic Affairs, in consultation with various ministries and departments. This process usually starts in October or November of the preceding year and continues until the budget is presented in Parliament, typically on February 1.

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