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.
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STAGE 1: Estimates. Part B - Revenue.
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
