FinMin to hold pre-budget meetings from 10 Oct 2022

The Ministry of Finance is expected to start pre-budget meetings to discuss and finalise the revised estimates (RE) for 2022-23 and budget estimates (BE) for 2023-24 with administrative ministries from 10 October 2022, reported Hindu Businessline. The Union Budget for 2023-24 is expected to be presented in the Parliament on 1 February 2023. Administrative ministries have directed departments and agencies to come up with more realistic estimates for their annual spending plans and ensure that the gap between BE and RE is minimal. Officials have also been advised to arrive at BE based on the actual expenditure during April-September 2022.