HomeFinance NewsBudget 2021-22: Finance ministry to kick-start budgetary exercise from October 16

Budget 2021-22: Finance ministry to kick-start budgetary exercise from October 16

A circular by the Budget division of the Economic Affairs Department on Thursday said the pre-Budget meetings will begin on October 16, 2020.

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By CNBC-TV18 October 1, 2020, 9:42:09 PM IST (Updated)

Budget 2021-22: Finance ministry to kick-start budgetary exercise from October 16
A circular by the Budget division of the Economic Affairs Department on Thursday said the pre-Budget meetings will begin on October 16, 2020.


The union finance ministry has officially kicked-off exercise for the General Budget 2021-22. The Budget 2021-22 is likely to be presented on February 1, which is the first working day in that month.

It will be the third Budget of both the Modi 2.0 government and finance minister Nirmala Sitharaman.

"The Budget Estimates for 2021-22 will be provisionally finalized after Secretary (Expenditure) completes discussions with the Secretaries and Financial Advisers. Pre-Budget Meetings shall begin from 16th October 2020 and shall continue till the first week of November 2020," according to a Budget Circular (2021-22) of the budget division of the finance ministry's Department of Economic Affairs.

"In the special circumstances of this year, the basis of the final budgetary allocations will be first and foremost overall fiscal position, and subject to that the absorptive capacity of the Ministry/Department. Using the trend in expenditure, approval of the schemes/Projects by Competent authority and committed expenditure, each ministry would project the requirements," the circular said.
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