A.
Annual
Financial
Statement
(AFS)
B.
Demand
for
Grants
(DG)
C.
Appropriation
Bill
D.
Finance
Bill
E.
Memorandum
Explaining
the
Provisions
in
the
Finance
Bill,
2008
F.
Macro-economic
framework
for
the
relevant
financial
year
G.
Fiscal
Policy
Statement
for
the
financial
year
H.
Medium
Term
Fiscal
Policy
Statement
I.
Expenditure
Budget
Volume
-1
J.
Expenditure
Budget
Volume
-2
K.
Receipts
Budget
L.
Budget
at a
glance
M.
Highlights
of
Budget
N.
Status
of
Implementation
of
Announcements
made
in
Finance
Minister's
Budget
Speech
of
the
previous
financial
year.
The
documents
shown
from
Sl.
A,
B, C
and
D
are
mandated
by
Art.
112,
113,
114(3)
and
110(a)
of
the
Constitution
of
India
respectively
while
the
documents
at
Sl.
F, G
and
H
are
presented
as
per
the
provisions
of
the
Fiscal
Responsibility
and
Budget
Management
Act
2003.
Other
documents
are
in
the
nature
of
explanatory
statements
supporting
the
mandated
documents
with
narrative
or
other
content
in a
user
friendly
format
suited
for
quick
or
contextual
references.
Hindi
version
of
all
these
documents
is
also
presented
to
Parliament.
A
web
version
is
hosted
at
http://indiabudget.nic.in/ub2008-09/ubmain.htm,
with
hyperlinks,
intended
to
make
surfing
more
efficient.
2.
In
addition
to
the
above,
individual
Departments/Ministries
also
prepare
and
present
to
Parliament
their
Detailed
Demands
for
Grants,
Performance
and
Outcome
Budget,
and
their
Annual
Reports.
The
web
versions
of
these
documents
are
normally
posted
by
the
respective
ministries/departments
on
their
web
sites.
3.
The
Economic
Survey
which
highlights
the
economic
trends
in
the
country
and
facilitates
a
better
appreciation
of
the
mobilization
of
resources
and
their
allocation
in
the
Budget
and
the
document
"Economic
and
Functional
Classification
of
the
Central
Government
Budget"
are
brought
out
by
the
Economic
Division
of
Department
of
Economic
Affairs,
Ministry
of
Finance.
The
Economic
Survey
is
presented
to
Parliament
usually
in
advance
of
the
Union
Budget.
The
web
version
of
Economic
Survey
2007-08
can
be
accessed
from
the
Finance
Ministry's
web
site
at
http://indiabudget.nic.in/es2007-08/esmain.htm.
4.
A
brief
description
of
individual
Budget
documents
is
given
below.
4.
(A)
Annual
Financial
Statement
(AFS),
the
core
budget
document,
shows
estimated
receipts
and
disbursements
by
the
Government
of
India
for
2008-09
in
relation
to
estimates
for
2007-08
as
also
to
audited
expenditure
for
the
year
2006-07.
The
receipts
and
disbursements
are
shown
under
the
three
parts,
in
which
Government
Accounts
are
kept
viz.,(i)
Consolidated
Fund,
(ii)
Contingency
Fund
and
(iii)
Public
Account.
Under
the
Constitution,
Annual
Financial
Statement
distinguishes
expenditure
on
revenue
account
from
other
expenditure.
Government
Budget,
therefore,
comprises
Revenue
Budget
and
Capital
Budget.
The
estimates
of
expenditure
included
in
the
Annual
Financial
Statement
are
for
the
net
expenditure,
i.e.,
after
taking
into
account
the
recoveries,
as
will
be
reflected
in
the
accounts.
The
significance
of
the
Consolidated
Fund,
the
Contingency
Fund
and
the
Public
Account
as
well
as
the
distinguishing
features
of
Revenue
and
Capital
Budget
are
given
briefly
below.
(i) The existence of the Consolidated Fund of India (CFI) flows from Article 266 of the Constitution. All revenues received by Government, loans raised by it, and also its receipts from recoveries of loans granted by it form the Consolidated Fund. All expenditure of Government is incurred from the Consolidated Fund of India and no amount can be drawn from the Consolidated Fund without authorisation from Parliament.
(ii) Article 267 of the Constitution authorises the Contingency Fund which is an imprest placed at the disposal of the President of India facilitate Government to meet urgent unforeseen expenditure pending authorization from Parliament. Parliamentary approval for such unforeseen expenditure is obtained, post-facto, and an equivalent amount is drawn from the Consolidated Fund to recoup the Contingency Fund. The corpus of the Contingency Fund as authorized by Parliament presently stands at Rs. 500 crore.
(iii) Moneys held by Government in Trust as in the case of Provident Funds, Small Savings collections, income of Government set apart for expenditure on specific objects like road development, primary education, Reserve/Special Funds etc. are kept in the Public Account. Public Account funds do not belong to Government and have to be finally paid back to the persons and authorities who deposited them. Parliamentary authorisation for such payments is, therefore, not required, except where amounts are withdrawn from the Consolidated Fund with the approval of Parliament and kept in the Public Account for expenditure on specific objects, in which case, the actual expenditure on the specific object is again submitted for vote of Parliament for drawl from the Public Account for incurring expenditure on the specific object.
(iv) Revenue Budget consists of the revenue receipts of Government (tax revenues and other revenues) and the expenditure met from these revenues. Tax revenues comprise proceeds of taxes and other duties levied by the Union. The estimates of revenue receipts shown in the Annual Financial Statement take into account the effect of various taxation proposals made in the Finance Bill. Other receipts of Government mainly consist of interest and dividend on investments made by Government, fees, and other receipts for services rendered by Government. Revenue expenditure is for the normal running of Government departments and various services, interest payments on debt, subsidies, etc. Broadly the expenditure which does not result in creation of assets for Government of India is treated as revenue expenditure. All grants given to State Governments/Union Territories and other parties are also treated as revenue expenditure even though some of the grants may be used for creation of assets.
(v) Capital Budget consists of capital receipts and capital payments. The capital receipts are loans raised by Government from public, called market loans, borrowings by Government from Reserve Bank and other parties through sale of Treasury Bills, loans received from foreign Governments and bodies, and recoveries of loans from State and Union Territory Governments and other parties. Capital payments consist of capital expenditure on acquisition of assets like land, buildings, machinery, equipment, as also investments in shares, etc., and loans and advances granted by Central Government to State and Union Territory Governments, Government companies, Corporations and other parties. Capital Budget also incorporates transactions in the Public Account.
(vi)
Accounting
Classification
•
The
estimates
of
receipts
and
disbursements
in
the
Annual
Financial
Statement
and
of
expenditure
in
the
Demands
for
Grants
are
shown
according
to
the
accounting
classification
prescribed
under
Article
150
of
the
Constitution,
which
enables
Parliament
and
the
public
to
make
a
meaningful
analysis
of
allocation
of
resources
and
purposes
of
Government
expenditures.
•
The
Annual
Financial
Statement
shows
separately,
certain
disbursements
as
charged
on
the
Consolidated
Fund
of
India,
where
the
Constitution
mandates
such
items
of
expenditure,
like
emoluments
of
the
President,
salaries
and
allowances
of
the
Chairman
and
the
Deputy
Chairman
of
the
Rajya
Sabha
and
the
Speaker
and
the
Deputy
Speaker
of
the
Lok
Sabha,
salaries,
allowances
and
pensions
of
Judges
of
the
Supreme
Court,
Comptroller
and
Auditor-General
of
India
and
the
Central
Vigilance
Commission,
interest
on
and
repayment
of
loans
raised
by
Government
and
payments
made
to
satisfy
decrees
of
courts
etc.
These
items
of
expenditure
are
charged
on
the
Consolidated
Fund
of
India
and
are
not
required
to
be
voted
by
the
Lok
Sabha.
4.
(B)
Demands
for
Grants
(i)
Article
113
of
the
Constitution
mandates
that
the
estimates
of
expenditure
from
the
Consolidated
Fund
of
India
included
in
the
Annual
Financial
Statement
and
required
to
be
voted
by
the
Lok
Sabha
are
submitted
in
the
form
of
Demands
for
Grants.
The
Demands
for
Grants
are
presented
to
the
Lok
Sabha
along
with
the
Annual
Financial
Statement.
Generally,
one
Demand
for
Grant
is
presented
in
respect
of
each
Ministry
or
Department.
However,
in
respect
of
large
Ministries
or
Departments
more
than
one
Demand
is
presented.
In
regard
to
Union
Territories
without
Legislature,
a
separate
Demand
is
presented
for
each
of
the
Union
Territories.
In
budget
2008-09
there
are
105
Demands
for
Grants.
Each
Demand
first
gives
the
totals
of
'voted'
and
'charged'
expenditure
as
also
the
'revenue'
and
'capital'
expenditure
included
in
the
Demand
separately
and
also
the
grand
total
of
the
amount
of
expenditure
for
which
the
Demand
is
presented.
This
is
followed
by
the
estimates
of
expenditure
under
different
major
heads
of
account.
The
breakup
of
the
expenditure
under
each
major
head
between
'Plan'
and
'Non-Plan'
is
also
given.
The
amounts
of
recoveries
taken
in
reduction
of
expenditure
in
the
accounts
are
also
shown.
A
summary
of
Demands
for
Grants
is
given
at
the
beginning
of
this
document,
while
details
of
'New
Service'
or
'New
Instrument
of
Service'
such
as
formation
of a
new
company,
undertaking
or a
new
scheme,
etc.,
if
any,
are
indicated
at
the
end
of
the
document.
(ii)
Each
Demand
normally
includes
the
total
provisions
required
for
a
service,
that
is,
provisions
on
account
of
revenue
expenditure,
capital
expenditure,
grants
to
State
and
Union
Territory
Governments
and
also
loans
and
advances
relating
to
the
service.
Where
the
provision
for
a
service
is
entirely
for
expenditure
charged
on
the
Consolidated
Fund
of
India,
for
example,
interest
payments
(Demand
for
Grant
No.
31),
a
separate
Appropriation,
as
distinct
from
a
Demand,
is
presented
for
that
expenditure
and
it
is
not
required
to
be
voted
by
Lok
Sabha.
Where,
however,
expenditure
on a
service
includes
both
'voted'
and
'charged'
items
of
expenditure,
the
latter
are
also
included
in
the
Demand
presented
for
that
service
but
the
'voted'
and
'charged'
provisions
are
shown
separately
in
that
Demand.
4.
(C)
Appropriation
Bill
After
the
Demands
for
Grants
are
voted
by
the
Lok
Sabha,
Parliament's
approval
to
the
withdrawal
from
the
Consolidated
Fund
of
the
amounts
so
voted
and
of
the
amount
required
to
meet
the
expenditure
charged
on
the
Consolidated
Fund
is
sought
through
the
Appropriation
Bill.
Under
Article
114(3)
of
the
Constitution,
no
amount
can
be
withdrawn
from
the
Consolidated
Fund
without
the
enactment
of
such
a
law
by
Parliament.
The
whole
process
beginning
with
the
presentation
of
the
Budget
and
ending
with
discussions
and
voting
on
the
Demands
for
Grants
requires
sufficiently
long
time.
The
Lok
Sabha
is,
therefore,
empowered
by
the
Constitution
to
make
any
grant
in
advance
in
respect
of
the
estimated
expenditure
for
a
part
of
the
financial
year
pending
completion
of
procedure
for
the
voting
of
the
Demands.
The
purpose
of
the
'Vote
on
Account'
is
to
keep
Government
functioning,
pending
voting
of
'final
supply'.
The
Vote
on
Account
is
obtained
from
Parliament
through
an
Appropriation
(Vote
on
Account)
Bill.
4.
(D)
Finance
Bill
At
the
time
of
presentation
of
the
Annual
Financial
Statement
before
Parliament,
a
Finance
Bill
is
also
presented
in
fulfillment
of
the
requirement
of
Article
110
(1)(a)
of
the
Constitution,
detailing
the
imposition,
abolition,
remission,
alteration
or
regulation
of
taxes
proposed
in
the
Budget.
A
Finance
Bill
is a
Money
Bill
as
defined
in
Article
110
of
the
Constitution.
It
is
accompanied
by a
Memorandum
explaining
the
provisions
included
in
it.
4.
(E)
Memorandum
Explaining
the
Provisions
in
the
Finance
Bill
To
facilitate
understanding
of
the
taxation
proposals
contained
in
the
Finance
Bill,
the
provisions
and
their
implications
are
explained
in
the
document
titled
Memorandum
Explaining
the
Provisions
of
the
Finance
Bill.
4.
(F)
Macro-economic
Framework
Statement
The
Macro-economic
Framework
Statement,
mandated
under
Section
3(5)
of
the
Fiscal
Responsibility
and
Budget
Management
Act
and
the
rules
made
thereunder
contains
an
assessment
of
the
growth
prospects
of
the
economy
with
specific
underlying
assumptions.
It
contains
assessment
regarding
the
GDP
growth
rate,
fiscal
balance
of
the
Central
Government
and
the
external
sector
balance
of
the
economy.
4.
(G)
Fiscal
Policy
Strategy
Statements
The
Fiscal
Policy
Strategy
Statement,
mandated
by
Sec.
3(3)
and
(4)
of
the
Fiscal
Responsibility
and
Budget
Management
Act,
outlines
the
strategic
priorities
of
Government
in
the
fiscal
area
for
the
ensuing
financial
year
relating
to
taxation,
expenditure,
lending
and
investments,
administered
pricing,
borrowings
and
guarantees.
The
Statement
explains
how
the
current
policies
are
in
conformity
with
sound
fiscal
management
principles
and
gives
the
rationale
for
any
major
deviation
in
key
fiscal
measures.
4.
(H)
Medium-term
Fiscal
Policy
Statement
The
Medium-term
Fiscal
Policy
Statement,
presented
under
Sec.
3(2)
of
the
Fiscal
Responsibility
and
Budget
Management
Act
2003,
sets
out
three-year
rolling
targets
for
four
specific
fiscal
indicators
in
relation
to
GDP
at
market
prices
namely
(i)
Revenue
Deficit,
(ii)
Fiscal
Deficit,
(iii)
Tax
to
GDP
ratio
and
(iv)
Total
out-standing
Debt
at
the
end
of
the
year.
The
Statement
includes
the
underlying
assumptions,
an
assessment
of
sustainability
relating
to
balance
between
revenue
receipts
and
revenue
expenditure
and
the
use
of
capital
receipts
including
market
borrowings
for
generation
of
productive
assets.
4.2
To
facilitate
a
more
comprehensive
understanding
of
the
major
features
of
the
Budget,
certain
other
explanatory
documents
are
presented.
These
are
briefly
summarized
below.
4.
(I)
Expenditure
Budget
Volume-1
(i)
This
document
deals
with
revenue
and
capital
disbursements
of
various
Ministries/Departments
and
gives
the
estimates
in
respect
of
each
under
'Plan'
and
'Non-Plan'.
It
also
gives
analysis
of
various
types
of
expenditure
and
broad
reasons
for
the
variations
in
estimates.
(ii)
Under
the
present
accounting
and
budgetary
procedures,
certain
classes
of
receipts,
like
payments
made
by
one
department
to
another
and
receipts
of
capital
projects
or
schemes,
are
taken
in
reduction
of
the
expenditure
of
the
receiving
department.
The
estimates
of
expenditure
included
in
the
Demands
for
Grants
are
for
the
gross
amounts.
While
the
estimates
of
expenditure
included
in
the
Annual
Financial
Statement
are
for
the
net
expenditure,
after
taking
into
account
the
recoveries.
The
document
Expenditure
Budget
makes
certain
other
refinements
like
netting
expenditure
of
related
receipts
so
that
inflation
of
receipts
and
expenditure
figures
are
avoided
and
there
can
be a
better
appreciation
of
the
magnitudes
of
various
expenditure.
Contributions
to
International
bodies
and
estimated
strength
of
establishment
of
various
Government
Departments
and
provision
therefor
are
shown
in
separate
annexes.
A
statement
each
showing
(i)
Plan
grants
and
loans
released
by
Ministries/Departments
directly
to
State
and
district
level
autonomous
bodies,
under
various
Central
and
Centrally
Sponsored
Plan
schemes,
(ii)
Gender
Budgeting
and
(iii)
Schemes
for
development
of
Scheduled
Castes
and
Scheduled
Tribes
are
also
included
in
this
document.
(iii)
Plan
Outlay
Plan
expenditure
forms
a
sizeable
proportion
of
the
total
expenditure
of
the
Central
Government.
The
Demands
for
Grants
of
the
various
Ministries
show
the
Plan
expenditure
under
each
head
separately
from
the
Non-Plan
expenditure.
The
Expenditure
Budget
Vol.
1
also
gives
the
total
Plan
provisions
for
each
of
the
Ministries
arranged
under
the
various
heads
of
development
and
highlights
the
budget
provisions
for
the
more
important
Plan
programmes
and
schemes.
A
description
of
important
schemes
included
in
the
Plan
along
with
the
objectives,
targets
and
achievements
is
given
in
the
Outcome
Budget
of
the
respective
Ministry.
Variations
in
the
estimates
of
Plan
expenditure
are
also
explained.
(iv)
Public
Sector
Enterprises
A
large
part
of
the
Plan
expenditure
incurred
by
the
Central
Government
is
through
public
sector
enterprises.
Budgetary
support
for
financing
outlays
of
these
enterprises
is
provided
by
Government
either
through
investment
in
share
capital
or
through
loans.
Expenditure
Budget
Vol.
1
shows
the
estimates
of
capital
and
loan
disbursements
to
public
sector
enterprises
in
2007-2008
and
2008-2009
for
Plan
and
Non-Plan
purposes
and
also
the
extra
budgetary
resources
available
for
financing
their
Plans.
A
detailed
report
on
the
working
of
public
sector
enterprises
is
given
in
the
document
titled
'Public
Enterprises
Survey'
brought
out
separately
by
the
Department
of
Public
Enterprises.
A
report
on
the
working
of
the
enterprises
under
the
control
of
the
various
administrative
Ministries
is
also
given
in
the
Annual
Reports
of
the
various
Ministries
circulated
to
Members
of
Parliament
separately.
The
annual
reports
along
with
the
audited
accounts
of
each
of
the
Government
companies
are
also
separately
laid
before
Parliament.
Besides,
the
reports
of
the
Comptroller
and
Auditor
General
of
India
on
the
working
of
various
public
sector
enterprises
are
also
laid
before
Parliament.
(v)
Commercial
Departments
Railways
is
the
principal
departmentally-run
commercial
undertaking
of
Government.
The
Budget
of
the
Ministry
of
Railways
and
the
Demands
for
Grants
relating
to
Railway
expenditure
are
presented
to
Parliament
separately.
The
total
receipts
and
expenditure
of
the
Railways
are,
however,
incorporated
in
the
Annual
Financial
Statement
of
the
Government
of
India.
To
portray
the
actual
working
and
not
inflate
either
receipts
or
expenditure,
the
expenditure
as
reflected
in
the
Receipts
Budget
&
Expenditure
Budget
Vol.
1
and
Vol.
2
has
been
taken
net
of
receipts.
The
Demands
for
Grants
of
the
Department
of
Telecommunications
are
presented
along
with
other
Demands
of
the
Central
Government.
(vi)
The
receipts
and
expenditure
of
the
Defence
Department
shown
in
the
Annual
Financial
Statement,
are
explained
in
greater
detail
in
the
document
Defence
Services
Estimates
presented
along
with
the
Detailed
Demands
for
Grants
of
the
Ministry
of
Defence.
(vii)
The
details
of
grants
given
to
bodies
other
than
State
and
Union
Territory
Governments
are
given
in
the
statements
of
Grants-in-aid
paid
to
non-Government
bodies
appended
to
Detailed
Demands
for
Grants
of
the
various
Ministries.
Annexure
5 to
Expenditure
Budget
Vol.1
shows
details
of
grants-in-aid
exceeding
Rs.
5
lakhs
(recurring)
or
Rs.
10
lakhs
(non-recurring)
to
private
institutions,
organizations
and
individuals
sanctioned
during
the
year
2006-07.
4.
(J)
Expenditure
Budget
Volume-2
The
provisions
made
for
a
scheme
or a
programme
may
spread
over
a
number
of
Major
Heads
in
the
Revenue
and
Capital
sections
in a
Demand
for
Grants.
In
the
Expenditure
Budget
Vol.
2,
the
estimates
made
for
a
scheme/programme
are
brought
together
and
shown
on a
net
basis
at
one
place,
by
Major
Heads.
To
understand
the
objectives
underlying
the
expenditure
proposed
for
various
schemes
and
programmes
in
the
Demands
for
Grants,
suitable
explanatory
notes
are
included
in
this
volume
in
which,
wherever
necessary,
brief
reasons
for
variations
between
the
Budget
estimates
and
revised
estimates
for
the
current
year
and
requirements
for
the
ensuing
Budget
year
are
also
given.
4.
(K)
Receipts
Budget
Estimates
of
receipts
included
in
the
Annual
Financial
Statement
are
further
analysed
in
the
document
"Receipts
Budget".
The
document
provides
details
of
tax
and
non-tax
revenue
receipts
and
capital
receipts
and
explains
the
estimates.
The
document
also
provides
the
arrears
of
tax
revenues
and
non-tax
revenues,
as
mandated
under
the
Fiscal
Responsibility
and
Budget
Management
Rules,
2004.
Trend
of
receipts
and
expenditure
along
with
deficit
indicators,
statement
pertaining
to
National
Small
Savings
Fund
(NSSF),
statement
of
revenues
foregone,
statement
of
liabilities,
statement
of
guarantees
given
by
the
government,
statements
of
assets
and
details
of
external
assistance
are
also
included
in
Receipts
Budget.
4.
(L)
Budget
at a
Glance
(i)
This
document
shows
in
brief,
receipts
and
disbursements
along
with
broad
details
of
tax
revenues
and
other
receipts.
This
document
also
exhibits
broad
break-up
of
expenditure
-
Plan
and
Non-Plan,
allocation
of
Plan
outlays
by
sectors
as
well
as
by
Ministries/Departments
and
details
of
resources
transferred
by
the
Central
Government
to
State
and
Union
Territory
Governments.
This
document
also
shows
the
revenue
deficit,
the
gross
primary
deficit
and
the
gross
fiscal
deficit
of
the
Central
Government.
The
excess
of
Government's
revenue
expenditure
over
revenue
receipts
constitutes
revenue
deficit
of
Government.
Government
mainly
borrows
through
issue
of
dated
securities,
i.e.
market
borrowings.
Apart
from
this,
Government
also
borrows
funds
under
many
schemes
which
form
part
of
capital
receipts.
The
difference
between
the
total
expenditure
of
Government
by
way
of
revenue,
capital
and
loans
net
of
repayments
on
the
one
hand
and
revenue
receipts
of
Government
and
capital
receipts
which
are
not
in
the
nature
of
borrowing
but
which
finally
accrue
to
Government
on
the
other,
constitutes
gross
fiscal
deficit.
Gross
primary
deficit
is
measured
by
gross
fiscal
deficit
reduced
by
gross
interest
payments.
In
the
Budget
documents
'gross
fiscal
deficit'
and
'gross
primary
deficit'
have
been
referred
to
in
abbreviated
form
'fiscal
deficit'
and
'primary
deficit',
respectively.
(ii)
The
document
also
includes
a
statement
indicating
the
quantum
and
nature
(share
in
Central
Taxes,
grants/loan)
of
the
total
Resources
transferred
to
States
and
Union
Territory
Governments.
Details
of
these
transfers
by
way
of
share
of
taxes,
grants-in-aid
and
loans
are
given
in
Expenditure
Budget
Volume.1.
Bulk
of
grants
and
loans
are
disbursed
by
the
Ministry
of
Finance
and
are
included
in
the
Demand
'Transfers
to
State
and
Union
Territory
Governments'.
The
grants
and
loans
released
to
States
and
Union
Territories
by
other
Ministries/Departments
are
provided
for
in
their
respective
Demands.
4.
(M)
Highlights
of
Budget
This
document
explains
the
key
features
of
the
Budget
2008-09,
inter
alia,
indicating
the
prominent
achievements
in
various
sectors
of
the
economy.
It
also
explains,
in
brief,
the
budget
proposals
for
allocation
of
funds
to
be
made
in
important
areas.
The
summary
of
tax
proposals
is
also
reflected
in
the
document.
4.
(N)
Status
of
Implementation
of
Announcements
made
in
Finance
Minister's
Budget
Speech
2007-08
This
document
indicates
the
action
taken
and
action
in
progress
on
the
announcements
made
in
the
last
budget.
The
position
as
in
the
first
week
of
February,
2008
is
reflected
in
this
document.
4.
(O)
Detailed
Demands
for
Grants
The
Detailed
Demands
for
Grants
are
laid
on
the
table
of
the
Lok
Sabha
sometime
after
the
presentation
of
the
Budget,
but
before
the
discussion
on
Demands
for
Grants
commences.
Detailed
Demands
for
Grants
further
elaborate
the
provisions
included
in
the
Demands
for
Grants
as
also
actual
expenditure
during
the
previous
year.
A
break-up
of
the
estimates
relating
to
each
programme/organisation,
wherever
the
amount
involved
is
not
less
than
Rs.10
lakhs,
is
given
under
a
number
of
object
heads
which
indicate
the
categories
and
nature
of
expenditure
incurred
on
that
programme,
like
salaries,
wages,
travel
expenses,
machinery
and
equipment,
grants-in-aid,
etc.
At
the
end
of
these
Detailed
Demands
are
shown
the
details
of
recoveries
taken
in
reduction
of
expenditure
in
the
accounts.
4.
(P)
Outcome
Budget
(i)
With
effect
from
Financial
Year
2007-08,
the
Performance
Budget
and
the
Outcome
Budget
hitherto
presented
to
Parliament
separately
by
Ministries/Departments,
are
merged
and
presented
as a
single
document
titled
"Outcome
Budget"
by
each
Ministry/Department
in
respect
of
all
Demands/Appropriations
controlled
by
them,
except
those
exempted
from
this
requirement.
Outcome
Budget
broadly
indicates
physical
dimensions
of
the
financial
budget
of a
Ministry/Department,
indicating
actual
physical
performance
in
the
preceding
year
(2006-2007),
performance
in
the
first
nine
months
(up
to
December)
of
the
current
year
(2007-2008)
and
the
targeted
performance
during
the
ensuing
year
(2008-2009).
(ii)
Outcome
Budget
contains
a
brief
introductory
note
on
the
organization
and
function
of
the
Ministry/Department,
list
of
major
programmes/schemes
implemented
by
the
Ministry/Department,
its
mandate,
goal
and
policy
framework,
budget
estimates,
scheme-wise
analysis
of
physical
performance
and
linkage
between
financial
outlays
and
outcome,
review
covering
overall
trends
in
expenditure
vis-a-vis
budget
estimates
in
recent
years,
review
of
performance
of
statutory
and
autonomous
bodies
under
the
administrative
control
of
the
Ministry/Department,
reform
measures,
targets
and
achievements
and
plan
for
future
refinements.
(iii)
As
far
as
feasible,
coverage
of
women
and
SC/ST
beneficiaries
under
various
developmental
schemes
and
schemes
for
the
benefit
of
North
Eastern
Region
are
also
separately
indicated.
4.
(Q)
Annual
Reports
A
descriptive
account
of
the
activities
of
each
Ministry/Department
during
the
year
2007-2008
is
given
in
the
document
Annual
Report
which
is
brought
out
separately
by
each
Ministry/Department
and
circulated
to
Members
of
Parliament
at
the
time
of
discussion
on
the
Demands
for
Grants.
4.
(R)
Economic
Survey
The
Economic
Survey
brings
out
the
economic
trends
in
the
country,
which
facilitates
a
better
appreciation
of
the
mobilisation
of
resources
and
their
allocation
in
the
Budget.
The
Survey
analyses
the
trends
in
agricultural
and
industrial
production,
infrastructure,
employment,
money
supply,
prices,
imports,
exports,
foreign
exchange
reserves
and
other
relevant
economic
factors
which
have
a
bearing
on
the
Budget,
and
is
presented
to
the
Parliament
ahead
of
the
Budget
for
the
ensuing
year.
The
Budget
of
the
Central
Government
is
not
merely
a
statement
of
receipts
and
expenditure.
Since
Independence,
with
the
launching
of
Five
Year
Plans,
it
has
also
become
a
significant
statement
of
governmental
policy.
The
Budget
reflects
and
shapes,
and
is,
in
turn,
shaped
by
the
country's
economic
life.
For
a
better
appreciation
of
the
impact
of
governmental
receipts
and
expenditure
on
the
other
sectors
of
the
economy,
it
is
necessary
to
group
them
in
terms
of
economic
magnitudes,
for
example,
how
much
is
set
aside
for
capital
formation,
how
much
is
spent
directly
by
the
Government
and
how
much
is
transferred
by
Government
to
other
sectors
of
the
economy
by
way
of
grants,
loans,
etc.
This
analysis
is
contained
in
the
document
Economic
and
Functional
Classification
of
the
Central
Government
Budget
which
is
brought
out
by
the
Ministry
of
Finance
separately.
INDEX
|
Topics |
Paragraph Number |
| Accounting classification |
4(A)(vi) |
| Annual Financial Statement |
4(A),4(A)(iv),(vi),4(B)(i),4(D),4(I)(ii),
(v),(vi),4(K) |
| Annual Report |
2,4(I)(iv),4(Q) |
| Appropriation |
4(B)(ii),4(P) |
| Appropriation Bill |
4(C) |
|
Appropriation (Vote on Account) Bill |
4(C) |
| Budget at a Glance |
4(L) |
| Budget/Budget of the Central Government |
4(R) |
| Capital Budget |
4(A),4(A)(v) |
| Charged Expenditure |
4(B)(i) |
| Consolidated Fund |
4(A),4(A)(i)(ii)(iii)(vi),4(B)(i)(ii),4(C) |
| Contingency Fund |
4(A),4(A)(ii) |
| Defence Services Estimates |
4(I)(vi) |
|
Demands for Grants |
4(A)(vi),4(B)(i),4(C),4(I)(ii),(iii),(v),4(J),4(O),
4(Q) |
| Detailed Demands for Grants |
2,4(I)(vi),(vii),4(O) |
|
Economic and functional classification of the
Central Government Budget |
3,4(R) |
| Economic Survey |
3,4(R) |
| Expenditure Budget |
4(I),(ii)(iii)(iv)(vii), 4(J),4(L)(ii) |
| External Assistance |
4(K) |
| Extra Budgetary Resources |
4(I)((iv) |
| Finance Bill |
4(A)(iv),4(D),4(E) |
| Fiscal Deficit |
4(H),4(L)(i) |
| Fiscal Policy Strategy Statement |
4(G) |
| Grants-in-aid |
4(I)(vii) |
| Guarantees given by the Central Government |
4(K) |
| International Bodies - Contribution to Market Loans |
4(I)((ii) |
| Macro-economic Framework Statement |
4(F) |
| Medium-term Fiscal Policy Statement |
4(H) |
Memorandum Explaining the Provisions in the
Finance Bill |
4(D),4(E) |
|
New Service |
4(B)(i) |
|
Outcome Budget |
2,4(I)(iii),4(P)(i)(ii) |
| Plan Outlay |
4(I)(iii),4(L)(i) |
| Public Account |
4(A),4(A)(iii),(v) |
|
Public Enterprises Survey |
4(I)(iv) |
|
Public Sector Enterprises |
4(I)(iv) |
|
Railways |
4(I)(v) |
|
Receipts Budget |
4(I)(v),4(K) |
|
Resources transferred to States/Union Territories |
4(L)(i)(ii) |
|
Revenue Budget |
4(A)(iv) |
|
Revenue Deficit |
4(H),4(L)(i) |
|
Statement of Action Taken on Budget Announcements |
4(N) |
|
Strength of Establishment of Govt Deptts |
4(I)(ii) |
|
Summary of Demands for Grants |
4(B)(i) |
|
Treasury Bills |
4(A)(v) |
| Vote on Account |
4(C) |
