FA 07 65 preparation and enactment of budget
1. Preparation of budget
2.authorization of
legislative
3.execution of budget
4.accounting
5.audit.
6.parliamentary control
over public finance
Preparation of budget.
Executive responsibility. .estimate of expenditu emergency e. Drawing and
disbursing officer. Consolidation.Dept
head.
Factual Verification by
cag. ..analysis by ministry of finance. Submission to cabinet. Approval
Contents of expenditure in
budget
..standing charges. Admin
exp
..continuing scheme
..new scheme
Estimates of revenue
Legislature
..presentation to
legislature
..general discussion
..voting for demand for
grants
.policy cut Rs.1. Economy
cut(amount of demand be reduced by a specific amount) .token cut(related to
specific grievance. Rs.100)
..consideration and
passing of appropriation bill (sum of voted demands and charged expenditure).
No amendment
..finance bill. Taxations
..Executions of budget..
..implementation.
Collection of revenue. Disbursement of fund
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