 "Nirmala Sitharaman")
The Finance Ministry will kick off exercise for the Union Budget 2021-2022 on October 16. The Budget is expected to be presented on February 1, which is the first working day in that month.
The Budget division of the Economic Affairs Department issued a Budget circular on Thursday evening, which contains necessary instructions and deadline for submission of details by different central ministries and departments.
“In the special circumstances of this year, the basis of the final budgetary allocations will be first and foremost overall fiscal position, and subject to that the absorptive capacity of the Ministry/Department.” the circular said.
