Finance ministry starts Budget work for 2024-25


NEW DELHI: The finance ministry has initiated the process to prepare the interim Budget for 2024-25 by inviting inputs on expenditure from different ministries and departments. It will be an interim Budget as the Lok Sabha elections are due early next year. The full Budget for FY25 will be presented after the formation of the new government.
“Pre-budget meetings chaired by secretary (expenditure) shall commence in the second week of October 2023… shall continue till around mid-November,” according to the Budget circular (2024-25) of the Budget division under the department of economic affairs of the finance ministry. According to the circular dated September 1, financial advisers should ensure that the necessary details required are submitted by October 5, 2023. The Budget Estimates will be provisionally finalised after completion of pre-Budget meetings, it said. In the pre-budget meetings, the requirement of funds for all categories of expenditures, along with receipts of ministries or departments, is discussed. agencies

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