Government To Begin Budget Exercise From October 12

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(PTI)

The Finance Ministry will kick off Budgetary exercise for 2019-20 from next week and hold the first meeting with ministries of steel, power, and housing and urban development to finalise revised expenditure for the current fiscal and projections for the next financial year.

In view of the upcoming General Elections, the government will come out with interim Budget also referred as Vote-on-Account, likely on February 1, 2019. The Expenditure Secretary will hold discussions to finalise Revised Estimate (RE) 2018-19 and Budget Estimate (BE) 2019-20 in respect of the Grants/Appropriations, according to a notification of the Budget Division of the Finance Ministry.

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