Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
Formulation
The responsibility for formulating the budget estimates rests on the executive.
Generally budget preparation starts in the month of September of the previous year.
General Budget contains estimated receipts and expenditure for one year usually. It has three sets of figures, such as
- Actual figure of the previous year
- Budget and Revised figure for the current year
- Budget estimate for the upcoming year
For Example if it is the budget of 2020-21. The current year is 2019-20 and the previous year is 2018-19
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.