Para 18.3.1 — CAM

18.3.1 Preparation of Budget Estimates and Revised Estimates 18.3.1.1 Usually Budget Division, Ministry of Finance issues Budget Circular in the first week of September seeking inputs from ministries/departments related to RE for current financial year and BE for ensuing financial year. These estimates form the basis for Pre-budget discussions which are usually held in October-November. Ministries are expected to provide realistic estimates of RE based on preceding 6 months’ expenditure and committed liabilities for next 6 months. Similarly, reasonable estimates for ensuing financial year are also to be provided based on anticipated expenditure, which forms basis for deciding BE for the next financial year.