INSUBCONTINENT EXCLUSIVE:
present Budget 2021 in the Parliament on February 1
forward-looking estimates for the financial year starting in April this year (budget estimates) are included
those for the present financial year as well as the figures of the previous financial year.Finance BillThe Finance bill is introduced only
in Lok Sabha immediately after the presentation of the Union Budget
form in which the estimates of expenditure from the Consolidated Fund are submitted in the Parliament
In this form, the government is required to provide details of estimated expenditure
sections under the Demand for Grants
Details on the trend of receipts and expenditure and the deficit indicators, assets, liabilities, guarantees, and External Assistance are
disbursements along with broad details of tax revenues and other receipts
The set also has the following components:Debt and deficit statisticsTransfer of resources to states and UTs with legislatureBudget
profileReceiptsExpenditureOutlay on major schemes
