Docs

0 %
100 %
Information about Docs

Published on February 19, 2014

Author: tnieonline

Source: slideshare.net

Finance Minister P. Chidambaram presented the interim budget for the fiscal year 2014-15 on Monday, which many believe was on the ‘expected lines’. However, our topic of interest is not the Budget itself, but the associated documents that Finance Minister presented to the parliament. Here’s a look at these documents: Annual Financial Statement (AFS) The document shows the estimated receipts and expenditure of the government in 2014-15 in relation to estimates for 2013-14. The document also distinguishes expenditure on revenue account from other expenditure. The document has three parts: 1. Consolidated Fund 2. Contingency Fund 3. Public Account Demands for Grants The Demands for Grants is presented to the Lok Sabha along with the Annual Financial Statement. Each Ministry or Department presents a Demand for Grants, which needs to be voted by the Lok Sabha. Appropriation Bill The Vote on Account is obtained from Parliament through an Appropriation Bill. The purpose of the Vote on Account is to keep Government functioning, pending voting of final supply. Finance Bill The document details the imposition, abolition, remission, alteration or regulation of taxes proposed in the Budget. Memorandum Explaining the Provisions in the Finance Bill The Memorandum Explaining the Provisions of the Finance Bill helps in understanding the taxation proposals contained in the Finance Bill, the provisions and their implications. Macro-economic Framework Statement The document contains assessment regarding the GDP growth rate, fiscal balance of the Central Government and the external sector balance of the economy. Fiscal Policy Strategy Statement

The statement describes the strategic priorities of government in the fiscal area for the ensuing financial year relating to taxation, expenditure, lending and investments, administered pricing, borrowings and guarantees. Medium-term Fiscal Policy Statement The statement sets out three-year rolling targets for four specific fiscal indicators in relation to GDP at market prices namely • Revenue Deficit • Fiscal Deficit • Tax to GDP ratio • Total outstanding Debt at the end of the year Medium-term Expenditure Framework Statement The statement sets forth a three-year rolling target for the expenditure indicators and provides a closer integration between budget and the Fiscal Responsibility and Budget Management (FRBM) statements. Expenditure Budget Volume-1 The document outlines the revenue and capital disbursements of each Ministries/Departments. It also provides broad reasons for the variations in estimates. Expenditure Budget Volume-2 The document shows the net estimate made for a scheme or a programme at a glance, using Major Heads. In the Demand for Grants, the provisions made for a scheme or programmes are spread over a number of Major Heads in the Revenue and Capital sections. Receipts Budget The Document explains details of tax and non-tax revenue receipts and capital receipts. It also provides information on arrears of tax revenues and non-tax revenues. Other documents include: • Statement pertaining to National Small Savings Fund • Statement of revenues foregone • Statement of liabilities • Statement of guarantees • Statements of assets and details of external assistance

Budget at a Glance The document includes receipts and disbursements along with broad details of tax revenues and other receipts. It also shows the broad break-up of expenditure - Plan and Non-Plan. It also has a statement that includes the share of Central Taxes, grants/loan of the total resources transferred to States and Union Territories. Highlights of Budget The document outlines major achievements in different sectors and key features of the Budget. It also contains the summary of tax proposals.

Add a comment

Related presentations

Related pages

Google Docs

Create and edit web-based documents, spreadsheets, and presentations. Store documents online and access them from any computer.
Read more

Google Docs - create and edit documents online, for free.

Create amazing Kim documents Create documents With Google Docs, you can write, edit, and collaborate wherever you are. For free.
Read more

Google Docs: Kostenlos Dokumente online erstellen und ...

Mehr als Buchstaben und Wörter Google Docs erweckt Ihre Dokumente zum Leben. Mit den cleveren Bearbeitungs- und Design-Tools gelingt ...
Read more

Docs.com – Teilen Sie Ihre Arbeit mit der Welt

Docs.com – Teilen und sammeln Sie eine unbegrenzte Anzahl perfekt formatierter PowerPoint-, Word-, Excel-, OfficeMix- und PDF-Dokumente sowie Sways.
Read more

Docs.com—Share your work with the world

Docs.com—Share and collect an unlimited number of perfectly formatted PowerPoint, Word, Excel, Office Mix, PDF documents, as well as Sways.
Read more

Google Docs, Sheets, and Slides - Wikipedia, the free ...

Google Docs, Google Sheets and Google Slides are a word processor, a spreadsheet and a presentation program respectively, all part of a free, web-based ...
Read more

Redirecting... - Google

Redirecting... - Google
Read more

DOCS - Jobs, Careers and Resourcing | Pharma, Biotech ...

Use DOCS resourcing for your short term, long term, and rescue scenarios. Our global footprint allows us to respond at scale.
Read more

Google Docs“ im App Store - iTunes - Everything you need ...

Lesen Sie Rezensionen, vergleichen Sie Kundenbewertungen, sehen Sie sich Screenshots an und erfahren Sie mehr über „Google Docs“. Laden Sie „Google ...
Read more

Docs.com

Docs.com. 118,892 likes · 211 talking about this. Share your work with the world
Read more