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Hiral Jain

Content writer • 3m

Budget-4 The list of budget documents presented to the parliament, besides the finance minister’s budget speech, is given below: (a) Annual Financial Statement (AFS) (b) Demands for Grants (DG) (c) Finance Bill (contains of taxation policies) (d) Statements mandated under FRBM (Fiscal Responsibility & Budget Management) Act: i. Macro -Economic Framework Statement ii. Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement Nine other documents which are in the nature of explanatory statements supporting the mandated documents are also presented along with the documents mentioned above. By convention in an election year, the budget may be presented twice. The first one is to first secure a Vote on Account for a few months. followed by the Annual financial statement for that year or the full-fledged Budget. (during the election Year) Check out the comments for a fact. Until next time!

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Shiv Bharankar
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Medial • 3m

such a well researched post🙌

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Hiral Jain

Content writer • 3m

Previously budget was presented on the last date of February and we had a separate budget for railways, However from 2017-18, the date of presentation of the budget has been advanced to 1st February. An important budgetary reform was the merger of railway budget with the General budget from the budget for the financial year 2017-18.

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