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BUDGET IN PARLIAMENT II BY NANDINI MAHARAD
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TOPICS STAGES IN ENACTMENT PRESENTATION OF BUDGET GENERAL DISCUSSION SCRUTINY BY DEPARTMENTAL COMMITTEES
Stages in Enactment o The budget goes through the following six stages in the Parliament: I. Presentation of budget. 2. General discussion. o 3. Scrutiny by departmental committees. 4. voting on demands for grants. o 5. Passing of appropriation bill. o 6. Passing of finance bill.
Presentation of Budget o The budget is presented in taso parts- Railuway Budget and General Budget. Both are governed by the same procedure. The introduction of Railway Budget precedes that of the General Budget. While the former is presented to the Lok Sabha by the railuway minister in Ehe Ekird week of February, the Latter is presented to the Lok Sabha by the finance minister on the last working day of February
o The Finance Minister presents the General Budget with a speech known as the budget speech o At the end of the speech in the Lok Sabha, the budgeb is Laid before the Rajya Sabha, which can only discuss it and has no power grants. to vote on the demands for
Greneral Discussion o The general discussion on budget begins a few days after its presentation. It takes place in both the Houses of Parliament and lasts usually for three to four days During this stage, the Lok Sabha can discuss the budget as a whole or on any question of principle involved therein but no cut motion budget be submitted to the vote of the House. The finance minister has a general right of reply at the end of the discussion. can be moved nor can the
Scrutiny by Departmental Comnittees o After the general discussion on the budget is over, the Houses are adjourned for about three to four weeks. During this gap period, the 24 departmental standing committees of Parliament examine and discuss in detail the demands for grants of the concerned ministers and prepare reports on them.
o These reports are submitted to both the Houses of Parliament for consideration The standing committee system established in 1993 and expanded in 2004) makes parliamentary financial control over ministries much more detailed, close, in-depth and comprehensive.
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