Ministries should be realistic in budgeting for this and next year: Govt

The Finance Ministry is expected to bring out the budget circular in the first week of September. The pre-budget meetings will start in October

The government wants all ministries to be realistic while budgeting for the current and next year, a senior government official said, with preparations for the next financial year set to kick off from October.

The first batch of supplementary demands for grants for 2023-24 (FY24) will be tabled in Parliament in the winter session, and a second batch in the Budget session. While these may take care of the expenditure requirements for the current financial year, ministries will not get a window to come up with additional demands until after the full Budget is presented by the next elected government,