Para 18.2.3 — CAM

18.2.3 The initial estimates i.e. BE undergo a mid-year review in October/November every year and Revised Estimates (RE) are projected. At the RE stage, Ministries/Departments get an opportunity for a comprehensive review of their allocations so as to re-align their budgetary requirements and correct the errors of estimations. At this stage expenditure of six months of the current year is available as an indicator of utilization pattern. Significantly, in the discussions at the RE stage, the BE of the next financial year is also discussed and finalised. Thus, the next cycle begins.