{"id":9130,"date":"2025-08-11T00:46:00","date_gmt":"2025-08-11T00:46:00","guid":{"rendered":"https:\/\/www.nextias.com\/blog\/?p=9130"},"modified":"2025-08-11T09:15:40","modified_gmt":"2025-08-11T09:15:40","slug":"budgetary-process-in-india","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/","title":{"rendered":"Budgetary Process in India"},"content":{"rendered":"\n<p><em>The presentation and enactment of the <strong>Union Budget in Parliament<\/strong> is a significant event that outlines the financial planning and economic strategy of the Union Government. By providing a comprehensive financial plan for the country, it plays a crucial role in shaping India&#8217;s economic future and addressing the needs and aspirations of its citizens. This article aims to study in detail the budgetary process in Parliament, related constitutional provisions, its components, stages of enactment, and other related concepts.<\/em><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_56_1 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#What_is_Budget\" title=\"What is Budget?\">What is Budget?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Components_of_Union_Budget\" title=\"Components of Union Budget\">Components of Union Budget<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Stages_in_Enactment_of_Budget\" title=\"Stages in Enactment of Budget\">Stages in Enactment of Budget<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Presentation_of_Budget\" title=\"Presentation of Budget\">Presentation of Budget<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Budget_Speech\" title=\"Budget Speech\">Budget Speech<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Presentation_of_Economic_Survey\" title=\"Presentation of Economic Survey\">Presentation of Economic Survey<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#General_Discussion\" title=\"General Discussion\">General Discussion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Scrutiny_by_Departmental_Committees\" title=\"Scrutiny by Departmental Committees\">Scrutiny by Departmental Committees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Voting_on_Demands_for_Grants\" title=\"Voting on Demands for Grants\">Voting on Demands for Grants<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Cut_Motion\" title=\"Cut Motion\">Cut Motion<\/a><ul class='ez-toc-list-level-5'><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Policy_Cut_Motion\" title=\"Policy Cut Motion\">Policy Cut Motion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Economy_Cut_Motion\" title=\"Economy Cut Motion\">Economy Cut Motion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Token_Cut_Motion\" title=\"Token Cut Motion\">Token Cut Motion<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Guillotine\" title=\"Guillotine\">Guillotine<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Passing_of_Appropriation_Bill\" title=\"Passing of Appropriation Bill\">Passing of Appropriation Bill<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Vote_on_Account\" title=\"Vote on Account\">Vote on Account<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Passing_of_Finance_Bill\" title=\"Passing of Finance Bill\">Passing of Finance Bill<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Other_Grants\" title=\"Other Grants\">Other Grants<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Supplementary_Grant\" title=\"Supplementary Grant\">Supplementary Grant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Additional_Grant\" title=\"Additional Grant\">Additional Grant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Excess_Grant\" title=\"Excess Grant\">Excess Grant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Vote_of_Credit\" title=\"Vote of Credit\">Vote of Credit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Exceptional_Grant\" title=\"Exceptional Grant\">Exceptional Grant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Token_Grant\" title=\"Token Grant\">Token Grant<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#What_is_Reappropriation\" title=\"What is Reappropriation?\">What is Reappropriation?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Constitutional_Provisions_Related_to_Union_Budget\" title=\"Constitutional Provisions Related to Union Budget\">Constitutional Provisions Related to Union Budget<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Regular_Budget_Vs_Interim_Budget\" title=\"Regular Budget Vs Interim Budget\">Regular Budget Vs Interim Budget<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Regular_Budget\" title=\"Regular Budget\">Regular Budget<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Interim_Budget\" title=\"Interim Budget\">Interim Budget<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Difference_between_Regular_Budget_and_Interim_Budget\" title=\"Difference between Regular Budget and Interim Budget\">Difference between Regular Budget and Interim Budget<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/www.nextias.com\/blog\/budgetary-process-in-india\/#Merger_of_Railway_Budget\" title=\"Merger of Railway Budget\">Merger of Railway Budget<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-75dcd4bd98616d4e38462d8e66aaa9bc\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"What_is_Budget\"><\/span><strong>What is Budget?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Budget <\/strong>is a statement of the <strong>estimated receipts and proposed expenditures<\/strong> of the Government for an<strong> upcoming financial year<\/strong> i.e. a period that runs from <strong>1st April to 31st March<\/strong> of the ensuing year.<\/li>\n\n\n\n<li>It serves as a <strong>comprehensive financial plan<\/strong> that reflects the <strong>economic strategy and policy priorities<\/strong> of the Government.<\/li>\n\n\n\n<li>The Budget is formulated and enacted annually by the Union Government as well as State Governments.\n<ul class=\"wp-block-list\">\n<li>The <strong>Budget of the Union Government<\/strong> is called the <strong>Union Budget,<\/strong> and the <strong>Budget of the State Government <\/strong>is called the <strong>State Budget.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td><strong>Note: <\/strong>The <strong>Indian Constitution does not use<\/strong> the term <strong>\u201cBudget\u201d<\/strong>. Instead, <strong>Article 112<\/strong> of the Constitution uses the phrase<strong> \u201cAnnual Financial Statement\u201d <\/strong>for the same.&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-db1dd8d25b91751d564bac9c12ec8038\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Components_of_Union_Budget\"><\/span><strong>Components of Union Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>Union Budget of India <\/strong>or the <strong>Annual Financial Statement<\/strong> encompasses three primary components:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Budget Estimates<\/strong> of receipts and expenditures for the <strong>upcoming fiscal year<\/strong> (also known as the Budget Year).<\/li>\n\n\n\n<li><strong>Revised Estimates<\/strong> of receipts and expenditures for the <strong>current fiscal year.<\/strong><\/li>\n\n\n\n<li><strong>Provisional Actuals <\/strong>of receipts and expenditures for the <strong>previous fiscal year.<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td><strong>For example,<\/strong> the <strong>Union Budget 2024-25<\/strong> was presented towards the end of the fiscal year 2023-24 in February 2024. Thus, for the Union Budget 2024-25, <strong>2023-24 <\/strong>became the <strong>current<\/strong> fiscal year, <strong>2022-23<\/strong> became the<strong> previous<\/strong> fiscal year, and<strong> 2024-25<\/strong> became the <strong>upcoming<\/strong> fiscal year. Thus, the Union Budget 2024-25 contained these three categories of data:<br><br>&#8211; <strong>Budget Estimates<\/strong> of receipts and expenditures for the fiscal year 2024-25.<br>&#8211; <strong>Revised Estimates<\/strong> of receipts and expenditures for the fiscal year 2023-24.<br>&#8211; <strong>Provisional Actuals<\/strong> of receipts and expenditures for the fiscal year 2022-23.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br><br><strong>The Structure and Components of the Union Budget can be understood in more detail by reading our comprehensive article on <a href=\"https:\/\/www.nextias.com\/blog\/government-budgeting\/\">Government Budgeting<\/a><\/strong>.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-c3376a7668ca48d5d6adceb72fdf7700\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Stages_in_Enactment_of_Budget\"><\/span><strong>Stages in Enactment of Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>budgetary process in India<\/strong> goes through the following six stages in the Indian Parliament:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Presentation of Budget<\/strong><\/li>\n\n\n\n<li><strong>General Discussion<\/strong><\/li>\n\n\n\n<li><strong>Scrutiny by Departmental Committees<\/strong><\/li>\n\n\n\n<li><strong>Voting on Demands for Grants<\/strong><\/li>\n\n\n\n<li><strong>Passing of Appropriation Bill<\/strong><\/li>\n\n\n\n<li><strong>Passing of Finance Bill<\/strong><\/li>\n<\/ol>\n\n\n\n<p>All these stages of the budgetary process in India have been discussed in detail in the sections that follow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-b3471ac848f02a50d7370a620b9d90c5\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Presentation_of_Budget\"><\/span><strong>Presentation of Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The budgetary process in India begins with the Presentation of the Budget.\n<ul class=\"wp-block-list\">\n<li><strong>Traditionally<\/strong>, the Union Budget of India was presented on the <strong>last working day of February.<\/strong> However, <strong>since 2017,<\/strong> the presentation of the Union Budget has been advanced to <strong>1st February.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The Budget <strong>can also be presented<\/strong> to the Lok Sabha <strong>in two or more parts.<\/strong>\n<ul class=\"wp-block-list\">\n<li>When such a presentation takes place, <strong>each part<\/strong> shall be <strong>dealt with as if it were the budget.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>There shall be <strong>no discussion<\/strong> of the budget <strong>on the day of presentation.<\/strong><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-82c059d3244092264078643c55dcd885\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Budget_Speech\"><\/span><strong>Budget Speech<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Finance Minister <\/strong>presents the budget with a <strong>speech <\/strong>known as \u201c<strong>Budget Speech\u201d.<\/strong><\/li>\n\n\n\n<li>At the end of the speech in the Lok Sabha, the Budget is laid before the Rajya Sabha. This is a crucial part of the budgetary process in India.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-f1e0c1cac791a33acfed72d930a21564\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Presentation_of_Economic_Survey\"><\/span><strong>Presentation of Economic Survey<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Economic Survey is a <strong>report prepared by the Ministry of Finance<\/strong>, which <strong>indicates the status of the national economy. It is also a significant part of the budgetary process in India.<\/strong><\/li>\n\n\n\n<li>The Economic Survey is <strong>presented <\/strong>to the Parliament <strong>one day or a few days before <\/strong>the presentation of the <strong>Budget<\/strong>.\n<ul class=\"wp-block-list\">\n<li><strong>Earlier<\/strong>, it used to be <strong>presented <\/strong>to the Parliament <strong>along with the Budget.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-cbad6e96bb83047fb21fd2c3a2d68717\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"General_Discussion\"><\/span><strong>General Discussion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After the first stage, the budgetary process goes through the second stage of General Discussion.&nbsp;<\/li>\n\n\n\n<li>The General Discussion <strong>takes place in both Houses<\/strong> of Parliament and lasts usually for three to four days.<\/li>\n\n\n\n<li>At this stage, the Lok Sabha can discuss the Budget as a whole or any question of principle involved therein.\n<ul class=\"wp-block-list\">\n<li>The Finance Minister has a general right of reply at the end of the general discussion on the Budget.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>No cut motion<\/strong> can be moved <strong>nor the budget can be submitted to vote<\/strong> at this stage.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-61426d28e676e309f6fafd15c7a49dff\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Scrutiny_by_Departmental_Committees\"><\/span><strong>Scrutiny by Departmental Committees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>In the budgetary process, after the General Discussion<\/strong> on the budget is over, <strong>both Houses<\/strong> of Parliament are <strong>adjourned<\/strong> for about <strong>three to four weeks.&nbsp;<\/strong><\/li>\n\n\n\n<li>During this gap period, the <strong>24 Departmental Standing Committees<\/strong> (DSCs) of Parliament <strong>examine and discuss <\/strong>in detail the <strong>demands for grants<\/strong> of the concerned Ministries, <strong>prepare reports<\/strong> on them, and then <strong>submit those reports to both Houses <\/strong>for their consideration.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-c0058878015fe9d8c0dc5538de3fb091\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Voting_on_Demands_for_Grants\"><\/span><strong>Voting on Demands for Grants<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Based on the reports of the Departmental Standing Committees of the Parliament, the <strong>Lok Sabha takes up voting on the Demands for Grants <\/strong>in the budgetary process.&nbsp;&nbsp;<\/li>\n\n\n\n<li>A <strong>\u201cDemand for Grant\u201d becomes a \u201cGrant\u201d<\/strong> <strong>after<\/strong> it has been duly <strong>voted upon by the Lok Sabha.&nbsp;<\/strong><\/li>\n\n\n\n<li>The following points are to be noted w.r.t Voting on Demand for Grants in the budgetary process:&nbsp;\n<ul class=\"wp-block-list\">\n<li>The Demands for Grants are <strong>presented ministry-wise.<\/strong><\/li>\n\n\n\n<li>The <strong>voting on Demands for Grants<\/strong> is the <strong>exclusive privilege of the Lok Sabha.<\/strong>\n<ul class=\"wp-block-list\">\n<li>The <strong>Rajya Sabha has no power <\/strong>of voting on Demands for Grants.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Each Demand is voted separately<\/strong> by the <a href=\"https:\/\/www.nextias.com\/blog\/lok-sabha\/\" data-type=\"link\" data-id=\"https:\/\/www.nextias.com\/blog\/lok-sabha\/\"><strong>Lok Sabha<\/strong><\/a>.<\/li>\n\n\n\n<li>The voting on Demand for Grants by the Lok Sabha is confined to the votable part of the budget in the budgetary process.\n<ul class=\"wp-block-list\">\n<li>The expenditure<strong>\u201ccharged\u201d to the Consolidated Fund of India<\/strong> can <strong>only be discussed<\/strong> by the Lok Sabha, but <strong>not submitted to vote.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-2552ef7ce987306735878a034b1f0a77\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Cut_Motion\"><\/span><strong>Cut Motion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As a part of the budgetary process, before voting, the Lok Sabha discusses the details of the budget and can move <strong>motions to reduce any Demand for Grants<\/strong>.&nbsp;<\/li>\n\n\n\n<li>The &#8216;Cut Motion&#8217; are of <strong>three types<\/strong> &#8211; Policy Cut Motion, Economy Cut Motion, and Token Cut Motion.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Policy_Cut_Motion\"><\/span><strong>Policy Cut Motion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Policy Cut Motion represents the <strong>disapproval of the policy underlying<\/strong> the demand for a grant.<\/li>\n\n\n\n<li>This motion states that the <strong>amount of the demand be reduced to Rs 1.<\/strong><\/li>\n\n\n\n<li>The members <strong>can also advocate an alternative policy.<\/strong><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Economy_Cut_Motion\"><\/span><strong>Economy Cut Motion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Economy Cut Motion <strong>represents the economy that can be affected<\/strong> by the proposed expenditure.<\/li>\n\n\n\n<li>This motion states that the <strong>amount of the demand be reduced by a specified amount.<\/strong><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Token_Cut_Motion\"><\/span><strong>Token Cut Motion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Token Cut Motion<strong> ventilates a specific grievance<\/strong> that is within the sphere of responsibility of the Government of India.<\/li>\n\n\n\n<li>This motion states that the <strong>amount of the demand be reduced by Rs 100.<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td><strong>Note: <\/strong>The passage of a Cut Motion by the Lok Sabha amounts to the expression of want of parliamentary confidence in the government and may lead to its resignation.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-95579bc62a800290c02a194f6999d324\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Guillotine\"><\/span><strong>Guillotine<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><strong>Under the budgetary process, on the final day<\/strong> allocated for discussion and voting on the Demands for Grants, the <strong>Speaker of Lok Sabha puts all the remaining demands to vote <\/strong>and disposes of them, <strong>whether <\/strong>they have been <strong>discussed <\/strong>by the members <strong>or not<\/strong>. This procedural method is commonly referred to as the &#8216;guillotine&#8217;.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-b52173b690f7830fcda610544467da9a\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Passing_of_Appropriation_Bill\"><\/span><strong>Passing of Appropriation Bill<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Indian <strong>Constitution <\/strong>states that <strong>&#8216;no money shall be withdrawn from the Consolidated Fund of India except under appropriation made by law\u2019<\/strong> in the budgetary process.&nbsp;\n<ul class=\"wp-block-list\">\n<li>This means that in order <strong>to enable the Union Government to withdraw money<\/strong> from the Consolidated Fund of India under the demands for grants approved by it, the <strong>Parliament needs to enact the corresponding Appropriation Bill.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Accordingly, in the budgetary process, after the Demands for Grants are voted on and passed by the Lok Sabha, an Appropriation Bill is introduced to provide for the appropriation, out of the Consolidated Fund of India, of all money required to meet:&nbsp;\n<ul class=\"wp-block-list\">\n<li>The grants were voted on by the Lok Sabha, and<\/li>\n\n\n\n<li>The expenditure \u201ccharged\u201d on the Consolidated Fund of India.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>No such amendment can be proposed to the Appropriation Bill <\/strong>in either House of the Parliament that will have the effect of:\n<ul class=\"wp-block-list\">\n<li>Varying the amount or altering the destination of any grant voted, or<\/li>\n\n\n\n<li>Varying the amount of any expenditure charged on the Consolidated Fund of India.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The Appropriation Bill becomes the Appropriation Act after it is assented to by the President.\n<ul class=\"wp-block-list\">\n<li>This Act authorizes or legalizes the payments from the Consolidated Fund of India.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-d70c16b65c3e43c8cf23e19874374d2c\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Vote_on_Account\"><\/span><strong>Vote on Account<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The constitutional requirement of \u2018appropriation made by law\u2019 means that the Union Government cannot withdraw money from the Consolidated Fund of India till the enactment of the Appropriation Bill. However, the whole budgetary <strong>process of the enactment of the Appropriation Bill takes time <\/strong>and usually goes on till the end of April. But the <strong>Union Government needs money to carry on its normal activities<\/strong> after the 31st of March (the end of the financial year).&nbsp;<\/p>\n\n\n\n<p>To overcome this functional difficulty, the Indian Constitution has authorized the <strong>Lok Sabha to make any Grant in Advance<\/strong> <strong>with respect to the estimated expenditure for a part of the financial year<\/strong>, pending the completion of the voting of the Demands for Grants and the enactment of the Appropriation Bill. This <strong>provision in the budgetary process <\/strong>is known as the <strong>&#8216;Vote on Account&#8217;.&nbsp;<\/strong><\/p>\n\n\n\n<p>The following points are to be noted w.r.t. Vote on Account in the budgetary process:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Vote on Account is <strong>passed or granted after the General Discussion on a Budget is over.<\/strong><\/li>\n\n\n\n<li>The Vote on Account is generally granted <strong>for two months for an amount equivalent to one-sixth of the total estimation<\/strong> of the Union Budget.\n<ul class=\"wp-block-list\">\n<li>In an election year when the Lok Sabha is to be dissolved or a new Lok Sabha is constituted, the Vote on Account may be taken for a longer period (for about 3 to 5 months).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td>&#8211; <strong>From 2017 onwards<\/strong>, the Union Budget is presented on 1st February every year, thus <strong>advancing the cycle of the budgetary process of the enactment of the budget by almost a month <\/strong>(from the earlier date of budget presentation on the last working day of February).<br>&#8211; This change has <strong>enabled the Indian Parliament to avoid a Vote on Account<\/strong> and pass a single Appropriation Bill for the year, before the close of the financial year.&nbsp;<br>&#8211; Accordingly, the <strong>Vote on Account is presented in the election year when the Interim Budget is presented.&nbsp;<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-d9c79fd8a54bdd9304e12d8afefba553\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Passing_of_Finance_Bill\"><\/span><strong>Passing of Finance Bill<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>&#8216;Finance Bill&#8217;<\/strong> means the bill ordinarily introduced in each year to give effect to the financial proposals of the Government of India for the next financial year and includes a bill to give effect to supplementary financial proposals for any period.<\/li>\n\n\n\n<li>The Finance Bill becomes the Finance Act after it is assented to by the President.\n<ul class=\"wp-block-list\">\n<li>In the budgetary process, the Finance Act legalizes the income side of the budget and completes the process of the enactment of the budget.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>During the stage of the passing of the Finance Bill, a Member of Parliament (MP) can discuss matters relating to general administration, local grievances within the sphere of the responsibility of the Government of India, or the monetary or financial policy of the Union Government.<\/li>\n\n\n\n<li>The following points are to be noted w.r.t. Finance Bill\n<ul class=\"wp-block-list\">\n<li>The Finance Bill is <strong>subjected to all the conditions applicable to a Money Bill.<\/strong><\/li>\n\n\n\n<li>Unlike the Appropriation Bill, the <strong>amendments <\/strong>(seeking to reject or reduce a tax) <strong>can be moved<\/strong> in the case of a Finance Bill.<\/li>\n\n\n\n<li>According to the<strong> Provisional Collection of Tones Act of 1931, the Finance Bill must be enacted<\/strong> (i.e., passed by the Parliament and assented to by the President) <strong>within 75 days.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-d0adc4bd9eb2e9b9b187dc32f0e06642\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>budgetary process in India<\/strong> is a vital process that ensures structured financial planning, transparency, and legislative oversight. It ensures that the Union Government effectively manages public resources, aligning expenditures with national priorities and maintaining fiscal discipline. This structured approach allows for efficient allocation and utilization of funds, while also providing mechanisms for emergency expenditures and public accountability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-1397333f485719ad6a8667fad260b5ae\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Other_Grants\"><\/span><strong>Other Grants<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Budget contains the estimates of expenditures for the ordinary or usual functioning of the government for one financial year.\n<ul class=\"wp-block-list\">\n<li>However, in addition to the budgetary grants, the government might need some other grants<strong> to meet expenditures for extraordinary or special circumstances.&nbsp;<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Accordingly, the Parliament makes various other grants (i.e. other than the budgetary grants) under extraordinary or special circumstances.<\/li>\n\n\n\n<li>Various types of other grants made by the Parliament are discussed in the sections that follow:<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-deef63b2a9fe90e8f96c68763a647900\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Supplementary_Grant\"><\/span><strong>Supplementary Grant<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Supplementary Grant is granted when the <strong>amount authorized <\/strong>by the Parliament through the Appropriation Act <strong>for a particular service<\/strong> for the current financial year is found to be <strong>insufficient <\/strong>for that year.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-afe99e55fcfabf18592933bdf44ac4bb\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Additional_Grant\"><\/span><strong>Additional Grant<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Additional Grant is granted when a need has arisen during the current financial year<strong> for additional expenditure upon some new service, which is not contemplated in the Union Budget<\/strong> for that year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-7630441bb2e3fac4184a652067431724\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Excess_Grant\"><\/span><strong>Excess Grant<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Excess Grant is made when <strong>money has been spent on any service<\/strong> during a financial year <strong>in excess of the amount granted <\/strong>for that service in the budget for that year.<\/li>\n\n\n\n<li>The Excess Grant is voted by the Lok Sabha after the financial year.<\/li>\n\n\n\n<li>Before the demands for Excess Grants are submitted to the Lok Sabha for voting, they <strong>must be approved by the Public Accounts Committee (PAC) <\/strong>of the Parliament.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-bda3d4baeaa593ba06b6985d26e81621\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Vote_of_Credit\"><\/span><strong>Vote of Credit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A Vote of Credit is <strong>granted for meeting an unexpected demand<\/strong> upon the resources of India when on account of the magnitude or the indefinite character of the service, the demand <strong>cannot be stated with the details ordinarily given in a budget.<\/strong><\/li>\n\n\n\n<li>It is <strong>like a blank cheque<\/strong> given to the Executive by the Lok Sabha.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-390f87f6ab40a1459d0de7b2044cb322\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Exceptional_Grant\"><\/span><strong>Exceptional Grant<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An Exceptional Grant is made <strong>for a special purpose and forms no part of the current service of any financial year.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-d4c69360d881d2bee6a87b33524e4846\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Token_Grant\"><\/span><strong>Token Grant<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A Token Grant is made when funds to <strong>meet the proposed expenditure on a new service can be made available by re-appropriation.<\/strong><\/li>\n\n\n\n<li>A demand for the grant of a token sum is submitted to the vote of the Lok Sabha and funds are made available once assented by the Lok Sabha.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Reappropriation\"><\/span><strong>What is Reappropriation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In the budgetary context, Reappropriation refers to the transfer of funds from one head to another head. It does not involve any additional expenditure.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td><strong>Note:<\/strong> Supplementary Grants, Additional Grants, Excess Grants, Exceptional Grants, and Vote of Credit are <strong>regulated by<\/strong> the <strong>same procedure that is applicable in the case of a regular Union Budget. <\/strong>It is to be noted that the <strong>Token Grant is not subject to the procedure for a regular Union Budget.&nbsp;<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-a44ab107bab192271628f56958b5d280\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Constitutional_Provisions_Related_to_Union_Budget\"><\/span><strong>Constitutional Provisions Related to Union Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.nextias.com\/blog\/constitution-of-india\/\" data-type=\"link\" data-id=\"https:\/\/www.nextias.com\/blog\/constitution-of-india\/\"><strong>Indian Constitution<\/strong><\/a> contains several provisions with regard to the budgetary process or the formulation, presentation, and enactment of the Union Budget. Major constitutional provisions related to Union Budget are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Article 112<\/strong> &#8211; Article 112 of the Indian Constitution contains the following provisions:\n<ul class=\"wp-block-list\">\n<li>The President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of estimated receipts and expenditure of the Government of India for that year.<\/li>\n\n\n\n<li>The estimates of expenditure embodied in the budget shall show separately the expenditure charged by the Consolidated Fund of India and the expenditure made by the Consolidated Fund of India.<\/li>\n\n\n\n<li>The budget shall distinguish expenditure on revenue account from other expenditure.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Article 113<\/strong> &#8211; Article 113 of the Indian Constitution contains the following provisions:\n<ul class=\"wp-block-list\">\n<li>No demand for a grant shall be made except on the recommendation of the President.<\/li>\n\n\n\n<li>The expenditure charged on the Consolidated Fund of India shall not be submitted to the vote of Parliament. However, it can be discussed by the Parliament.<\/li>\n\n\n\n<li>The Lok Sabha can approve or refuse any demand or reduce the amount specified in the demand but cannot increase it.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Article 114<\/strong> &#8211; Article 114 of the Indian Constitution contains the following provisions:\n<ul class=\"wp-block-list\">\n<li>No money shall be withdrawn from the Consolidated Fund of India except under appropriation made by law.<\/li>\n\n\n\n<li>No such amendment can be proposed to the appropriation bill in either House of the Parliament that will have the effect of varying the amount or altering the destination of any grant voted, or of varying the amount of any expenditure changed on the Consolidated Fund of India.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Article 116<\/strong> &#8211; The Lok Sabha can make any grant in advance (Vote on Account) with respect to the estimated expenditure for a part of the financial year, pending the completion of the voting of the demands for grants and the enactment of the appropriation bill.<\/li>\n\n\n\n<li><strong>Article 117<\/strong> &#8211; Article 117 of the Indian Constitution contains the following provisions:\n<ul class=\"wp-block-list\">\n<li>No money bill imposing tax shall be introduced in the Parliament except on the recommendation of the President, and such a bill shall not be introduced in the Rajya Sabha, which means it can be only introduced in the Lok Sabha.<\/li>\n\n\n\n<li>Parliament can reduce or abolish a tax but cannot increase the tax.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Article 265<\/strong> &#8211; No tax shall be levied or collected except by the authority of law.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-b204a1eb5547387d35f0b3f3aa5a91bf\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Regular_Budget_Vs_Interim_Budget\"><\/span><strong>Regular Budget Vs Interim Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-c46b7efeb3e82e077afc2868ba654949\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Regular_Budget\"><\/span><strong>Regular Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A Regular Budget is also known as the annual budget or Union Budget in India.<\/li>\n\n\n\n<li>It is a comprehensive financial statement of the government\u2019s estimated revenue and expenditure for the forthcoming financial year.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-f982f0d23d219ae25122abd9671f4c19\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Interim_Budget\"><\/span><strong>Interim Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>An Interim Budget is a financial statement presented when the government requires approval for expenditure during an election year or when it is unable to present a full budget due to special circumstances.<\/li>\n\n\n\n<li>It provides a temporary financial framework until a new government can present a regular budget.<\/li>\n\n\n\n<li>Usually, in the year in which General Elections to the Lok Sabha are held, the Interim Budget is presented to the Parliament.\n<ul class=\"wp-block-list\">\n<li>After the General Elections are over and the assumption of office by the New Government, the Regular Budget is presented to the Parliament on a date decided by the New Government.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-7922115d86967d3c2951eb980bd91110\" style=\"color:#ff6a00\"><span class=\"ez-toc-section\" id=\"Difference_between_Regular_Budget_and_Interim_Budget\"><\/span><strong>Difference between Regular Budget and Interim Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Major differences between Regular Budget and Interim Budget can be seen as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><thead><tr><th><strong>Regular Budget<\/strong><\/th><th><strong>Interim Budget<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Presented during the normal circumstances.<\/td><td>Usually, presented when presenting a Regular Budget is not feasible due to special circumstances, such as the announcement of elections or disruption of the budget cycle.&nbsp;<\/td><\/tr><tr><td>Contains a comprehensive financial statement of the government\u2019s finances, including detailed receipts and expenditures for the full period of the upcoming fiscal year.&nbsp;<\/td><td>This is more of a \u2018Vote-on-Account\u2019 or a provisional arrangement that allows the government to meet its expenses for a part of the year.<\/td><\/tr><tr><td>It includes announcements of some major policies and priorities of the government.&nbsp;<\/td><td>It, usually, does not include major policy announcements.&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-42dc7544819e69a65077fa9509c7d57d\" style=\"color:#015aa7\"><span class=\"ez-toc-section\" id=\"Merger_of_Railway_Budget\"><\/span><strong>Merger of Railway Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Till 2017, the Union Government used to present <strong>2 separate budgets:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Railway Budget<\/strong> &#8211; it consisted of the estimates of receipts and expenditures of only the Ministry of Railways.<\/li>\n\n\n\n<li><strong>General Budget<\/strong> &#8211; it consisted of the estimates of receipts and expenditures of all other ministries of the Government of India, except the railways.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>However, <strong>in 2017,<\/strong> the Central Government <strong>merged the Railway Budget into the General Budget.<\/strong>\n<ul class=\"wp-block-list\">\n<li>Hence, <strong>at present,<\/strong> there is<strong> only one Budget<\/strong> for the Government of India, called the <strong>Union Budget.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Note: <\/strong>The Railway Budget was separated from the General Budget in <strong>1924<\/strong> on the recommendations of the <strong>Acworth Committee Report (1921).<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The presentation and enactment of the Union Budget in Parliament is a significant event that outlines the financial planning and economic strategy of the Union Government..<\/p>\n","protected":false},"author":9,"featured_media":9160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[71],"class_list":["post-9130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-polity","tag-gs-2"],"_links":{"self":[{"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/posts\/9130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/comments?post=9130"}],"version-history":[{"count":10,"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/posts\/9130\/revisions"}],"predecessor-version":[{"id":20311,"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/posts\/9130\/revisions\/20311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/media\/9160"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/media?parent=9130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/categories?post=9130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/blog\/wp-json\/wp\/v2\/tags?post=9130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}