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The budget-making process begins in August-September, almost six months before its presentation date.


The finance ministry issues circulars to all ministries, states, union territories and autonomous entities at the initial stage.

They provide estimates of their earnings and expenses for the previous year and express their needs and demands.

The finance ministry allocates revenue to numerous divisions for their impending outlays after evaluating the requests.

Stakeholders including small business proprietors and FIIs are consulted by the DEA and the department of revenue.


The halwa ceremony heralds the start of Budget document printing. 

Following approval by both houses, the Budget is forwarded to the President for approval.


Click here to know more about the budget making process.

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How is the Union Budget prepared? MintGenie explains

The budget-making process begins in August-September and involves a number of steps, including pre-budget meetings and a halwa ceremony. It culminates with the presentation of the Budget in the Parliament and its approval by the President.

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How is the Union Budget prepared? MintGenie explains

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