Budget 2016: Finance Ministry advances budget preparation
exercise by over 2 months
Economic Times, August 18, 2015
The government has
kick-started the budget exercise almost two months ahead of
schedule in order to hold wider stakeholder consultations.
The circular marking
the beginning of the budgetmaking exercise is being issued, the
finance ministry said in a statement on Monday. Last year, the
circular was issued on October 10.
The FY17 budget will
be the third to be presented by the Narendra Modi-headed
National Democratic Alliance government.
"In consonance with
the objective of the Government of India to have wider
consultations with various stakeholders as well as to provide
more time for planners, it has been decided to start the budget
exercise by middle of August 2015 for the forthcoming financial
year 2016- 17," the ministry said in the statement.
The circular lays
down the timelines for the completion of various budget
processes and the instructions that departments and ministries
have to follow while submitting their.
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