The union finance ministry will commence pre-budget meetings with various departments from Tuesday to finalize their revised estimate for the financial year 2022 and budget estimate for the financial year 2023.
The Budget estimate for the financial year 2023 will be provisionally finalized after the expenditure secretary completes the discussion with the secretaries and financial advisors of the departments concerned. Pre Budget meeting would continue till November 12.
In these meetings, the ceiling for all categories of expenditure which include the central sector and the centrally sponsored scheme will be discussed with the departments. It is proposed to discuss the totality of the requirement of funds for various programs and schemes, along with the receipts of the departments (such as interest receipts, dividends, loan payment, receipts of departmental commercial undertaking) during the pre-budget meeting chaired by the expenditure secretary.
All the ministries/ departments are required to submit the details of all the autonomous bodies/implementing agencies for which a dedicated corpus fund has been created, clearly indicating the purpose, whether in public account, accumulated balances as of March 31, 2021, the annual expenditure for the last three years, and allocation made during the current financial year. the reasons for their continuance and requirement of grant-in-aid support should be explained and why the same should not be wound up.
The details of non-tax revenue mobilization and the potential by the ministry/department would also be discussed during the pre-budget meetings.