WHAT ARE BUDGET ESTIMATES
Budget Estimates
Every year, the Budget is presented before Parliament by the Union finance minister. During the speech, the funds allocated for various jobs and activities and ministries are laid out. These numbers are called Budget estimates. For example, if the government sets Rs 1,000 crore aside for defence, then Rs 1,000 crore will the Budget estimate for defence for the given financial year.
One thing to note here is that these estimates are not exact numbers or the final commitment by the government to any particular sector. These are just estimates of the extent of expenditure the government is willing to go for. The government later gives a revised estimate of how much is possible for it to extend to the said sector. The revised estimates and budget estimates may vary, but the difference may not be huge. The actuals are the numbers that represent the real amount extended by the government to the sector concerned.
Budget estimates represent the government's wishes and ambitions. Revised estimates show how the expenditure is likely to pan out. Actuals give the real number for how much was really extended.
RELATED BUDGET TERMS
BUDGET ESTIMATES NEWS
-
Corporate tax this fiscal likely to exceed Budget Estimates by 19%
Direct, indirect tax revenues have been a bright spot for Centre in FY22| January 21, 2022, Friday -
Union Budget 2022-23: Phasing out of some tax exemptions likely
FinMin also exploring the option of rationalising capital gains tax rates| January 20, 2022, Thursday -
Divestment delayed, but petchem plans on the track: Bharat Petroleum
The government's plan is to sell its entire 52.98 per cent stake in BPCL with the transfer of management control to a strategic ...| January 18, 2022, Tuesday -
Budget could push for private investments in public infrastructure
Budget could also announce favourable terms for companies accessing bond markets| January 18, 2022, Tuesday -
Budget wishlist: Here are the key challenges in agriculture sector
Government needs to play a proactive role in enabling a business-as-a-service (BaaS) platform to promote innovation| January 18, 2022, Tuesday -
Budget 2022-23: Govt likely to target 13-14% nominal growth in FY23
A faster growth projection may cause inflation concerns, say officials| January 17, 2022, Monday -
Budget 2022-23: FY23 capital expenditure target may top Rs 6.5 trillion
During pre-Budget consultations, industry bodies and economists have advised the finance minister to keep the spending tap open| January 14, 2022, Friday -
FY23 Budget wishlist: ACMA seeks uniform 18% GST for all auto components
Auto components industry body ACMA on Tuesday said it has urged the government for a uniform GST rate of 18 per cent on all auto ...| January 11, 2022, Tuesday -
Gross fixed capital formation: Advance estimates hopeful, say analysts
Most of capex brunt being borne by Centre, say analysts| January 10, 2022, Monday -
Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22
Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot BE| October 25, 2021, Monday
