Government Budgeting

See also: Budgetary Provisions

Intro

• estimate of income and expenditure for a future period of time

3 sets of figures

1. Budget Estimate for next FY
2. Budget and Revised Estimate for current FY
3. Actual figures for preceding FY

Kinds of Budget

Based on Time Period

1. Full Budget: for entire FY
2. Interim Budget: in election years, budget for part of the year
   • no constitutional obligation, only an unwritten obligation
3. Vote on Account: to spend money until budget is passed
   • refer: Vote on Account

Based on Theme

1. Zero based Budget: expenses calculated afresh rather than relying on previous year expenditure
   • ensures activities carried out are relevant
   • unnecessary expenditure eliminated
2. Outcome Budget: focus on outcomes not just cost
   • transparency and accountability
3. Gender Budget: gender sensitive formulation of legislation, policies, plans, programs etc
   • aimed at reducing gender gaps
   • first introduced in FY 2005-06
     • gender gap reduction part of Tenth FYP (2002-2007)
   • 2 parts
     1. Part A: 100% allocation for women. eg. Beti Bachao Beti Padhao, Ujjawala, Anganwadi etc
     2. Part B: at least 30% allocation for women. eg. Mid-day meals, PM POSHAN etc

Budget Process

refer: Budgetary Provisions

Grants

refer: Grants by Exec to Legis

See also:

• Government Accounts