Budget Estimates

PREPARATION OF BUDGET ESTIMATES

The budget is based on the departmental estimates submitted by the heads of departments and other estimating officers and these departmental estimates are themselves based on the estimates submitted by the District Officers of the departments.

Heads of Departments should prepare their estimates in duplicate in the proforma prescribed by the Finance Dept. and send one copy to Administrative Dept. and copy marked to the Finance Dept. not later than 1st October of every year.

The administrative Department should send the estimates with their comments to Finance Department by 15^th of October. 

REVISED BUDGET ESTIMATES

There are 3 methods for preparation of Revised Estimates.

                 i.     By adding to the actual for the first four months of the current year those of the 1st  eight months of the previous year.

                ii.     By working out a figure which is three times the actual of the first months of the current year.

              iii.     By assuming that the revised estimates for the current year will bear the same proportion to the actual of the first four months as the actual of the previous year bore to those of the first four month of that year.

Note:  Out of the above considered tobe most viable for each particular case could be adopted.

The revised estimates do not authorize any expenditure.

The revised estimates are prima facie the best guide to the coming year estimates.

It should enable the Government to arrive at the appropriate closing balance    for the current year, which will become the Opening Balance for the next year.

It is therefore essential that revised estimates are prepared with great care       and should be as close as possible to the actual.