India

Budget

Data on parliament’s budget role and activities

Parliamentary powers to amend the budget
Other (please specify)
Compare data of this field.
Notes
Article 112 of the Constitution of India provides that the President shall provide an “Annual Financial Statement” to both houses of parliament including estimated receipts and expenditures of the government of India, every financial year. Though the budget is discussed in both houses, demands for grants by various ministries and departments are made to, discussed and voted on in the lower house. Only the Lok Sabha has the power to agree to, refuse or amend amounts specified (Article 113(2)).
After Budget, Appropriation and other Money Bills are discussed and passed in the Lok Sabha, they are transmitted to the Rajya Sabha for a period of 14 days for its recommendations, which can either be accepted or rejected by the Lok Sabha.
Parliament has a specialized unit to conduct budgetary analysis For example, a Parliamentary Budget Office.
Number of staff (full-time equivalent positions)
5
Date when parliament received the draft budget from the government, per year
24.03.2022
See historical data for this field.
Date when parliament adopted the budget, per year
24.03.2022
See historical data for this field.
Notes
The budget is based on the financial year from 1 April to 31 March.
A “Railway Budget” and “Union Budget” are considered and passed separately to the “General Budget”. Submission and adoption dates are as follows:
Railroad Budget:
2013: 28/02/2013 (submitted), 21/03/2013 (adopted)
2014: 10/07/2014 (submitted), 24/07/2014 (adopted)
2015: 28/02/2015 (submitted), 19/03/2015 (adopted)
2016: 29/02/2016 (submitted), 16/03/2016 (adopted)
Union Budget:
2017: 01/02/2017 (submitted), 23/03/2017 (adopted)