The preparation of the national budget is an exacting process that kicks off around September-October each year. During this period, the Ministry of Finance distributes circulars to all ministries, Union territories, States, and autonomous bodies, requesting their budgetary proposals and recommendations.
A notable event in this preparatory phase is the ‘halwa ceremony,’ a traditional ritual symbolizing the commencement of printing budget documents. This ceremony is not just a customary celebration but also marks the beginning of a lockdown phase for the officials involved in the budget’s formulation. These officials remain isolated until the budget is officially presented in Parliament, ensuring confidentiality and integrity in the budget’s preparation.
This meticulous approach underscores the complexity and importance of the budget process, reflecting thorough planning and coordination among various government entities.
Original Story https://www.pratidintime.com/national/fm-sitharaman-to-table-budget-2024-today
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