https://www.taxtmi.com/news?id=17370 The Union Budget comprises mandated instruments - the Annual Financial Statement, Demands for Grants, Appropriation Bill and Finance Bill - alongside FRBM mandated statements (Macro Economic Framework, Fiscal Policy Strategy, Medium Term Fiscal Policy and Medium Term Expenditure Framework) that set multi year fiscal targets. The Annual Financial Statement classifies government finance into the Consolidated Fund of India, Contingency Fund of India and Public Account of India, and distinguishes Revenue and Capital Budgets, while Demands for Grants convert estimates into voteable Ministry wise provisions and the Appropriation Bill authorises withdrawals. en-us Wed, 01 Feb 2017 13:58:19 +0530 Wed, 11 Feb 2026 15:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17370 The Union Budget comprises mandated instruments - the Annual Financial Statement, Demands for Grants, Appropriation Bill and Finance Bill - alongside FRBM mandated statements (Macro Economic Framework, Fiscal Policy Strategy, Medium Term Fiscal Policy and Medium Term Expenditure Framework) that set multi year fiscal targets. The Annual Financial Statement classifies government finance into the Consolidated Fund of India, Contingency Fund of India and Public Account of India, and distinguishes Revenue and Capital Budgets, while Demands for Grants convert estimates into voteable Ministry wise provisions and the Appropriation Bill authorises withdrawals. News - Wed, 01 Feb 2017 13:58:19 +0530 https://www.taxtmi.com/news?id=17370