Union Cabinet approved Advancement of the Budget presentation
The Cabinet has approved, in principle, for advancement of the date of Budget
presentation from the last day of February to a suitable date.
- The exact date of presentation of
Budget for 2017-18 would be decided keeping in view the date of assembly
elections to be held in States.
This would help in following ways:
- The advancement of budget
presentation by a month and completion of Budget related legislative
business before 31st March would pave the way for early completion of
Budget cycle and enable Ministries and Departments to ensure better
planning and execution of schemes from the beginning of the financial year
and utilization of the full working seasons including the first quarter.
- This will also preclude the need for seeking appropriation through ‘Vote on Account’ and enable implementation of the legislative changes in tax; laws for new taxation measures from the beginning of the financial year.
