CONTENTS:- Preface; 1. Financial year; 2. Structure of government accounts; 3. Budget documents; 4. Preparation of budget; 5. Parliamentary/legislative scrutiny of budget estimates and expenditure against approved budget; 6. Economic and functional classification of budget;
This book brings out briefly the structure of government budget and fundamentals of government budgeting in India. It also indicates the procedure for preparation of government budgets in India, constitutional provisions relating to government budgeting and the roles of Finance Commission and Planning Commission in the matter. Government accounting structure has also been dealt with in this book describing briefly its linkage with government budget. The role of Parliament/State Legislature in approving budget and allowing withdrawals from the relevant Consolidated Funds for incurring expenditure against approved budget have also been discussed in the book. The book is concise but rich in its contents. This is expected to be useful to parliamentarians, legislators, students of economics and government employees undergoing training in finance and accounts, in addition to general public in their endeavour to read and understand government budgets. It has attracted laudable comments from the then comptroller and auditor general of India. The handbook has proved so popular and of value to all concerned that its third edition has now been published., The revised edition is based on the budget for 1999-2000 and has been updated to a great extent.