Government Advances the Budget Formulation Exercise by over Two Months for the Financial Year 2016-17
In consonance with the objective of the Government of India to have wider consultations with various stakeholders as well as to provide more time for planners, it has been decided to start the Budget exercise by middle of August, 2015 for the forthcoming Financial Year 2016-17. The Budget circular which marks the beginning of the Budget formulation exercise is being issued by the Budget Division, Department of Economic Affairs (DEA), Ministry of Finance (MoF). This advances the process by over two months.
