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How India balances its books

June 30, 2004

It's that time of the year when conversation veers round to the topic of the forthcoming Budget.

The Budget is a huge fiscal exercise and it is interesting to find out how India goes about the budget process and how it balances its books.

Flow along this chart to find out how India goes about balancing its books:

STAGE 1: Estimates. Part A - Expenditure.


[To the word picture]

STAGE 1: Estimates. Part B - Revenue.

 
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STAGE 2: First estimates of deficit.


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STAGE 3: Narrowing of the deficit.


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STAGE 4: The Budget


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ALSO SEE

The Budget Process: The Word Picture



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Sub: should change

dear friends This systeen should change for the real growth,no politices should entry in this education systeem regards hector


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