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Manual on budget unveiled to bring transparency by Finance Minister Pranab Mukherjee

New Delhi, Sep 28 (Calcutta Tube) Finance Minister Pranab Mukherjee Tuesday unveiled a manual on general provisions and procedures of annual budget-making exercise, saying it would help bring more transparency in the process.

‘The manual will serve as a comprehensive reference material for all stakeholders, especially officials, involved in the budget-making process,’ Mukherjee told reporters.

This is the first time that the government has released a manual that deals with the budget-making process, a highly secret exercise.

The 216-page manual deals with all aspects of budget-making exercise right from the issue of annual budget circular to the presentation of budget in parliament and its implementation. It also highlights common budget related mistakes.

Mukherjee said the manual will be a very useful document in understanding the processes and nuances related to the budget.

‘It will be like a training tool for all the officials involved in budget-making exercise,’ said Shaktikanta Das, joint secretary, budget.

Das said the document provides a comprehensive outline of the processes of budgeting and other related issues along with various legislative and administrative policies.

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