The Ministry of Finance begins the preparation of the budget for the financial year 2022-23 | Bhubaneswar News
Bhubaneswar: The State Finance Department has started the annual budget preparation exercise for the financial year 2022-23 with the pre-budget review meeting with various departments, a key process in budget preparation, which is held on Wednesday.
Different departments had submitted their budget proposals by December 15, indicating the funds needed for the various plans and programs in the next financial year.
“During the pre-budget meeting, finance ministry officials discussed the proposals with senior officials from other ministries. Accordingly, funding provisions will be made in the annual budget,” a senior government official said.
The likely level of central assistance to be received under various programs sponsored and run by the Center was also discussed at the meeting, the official added.
The Finance Department will soon hold a pre-budget consultation meeting with experts from various sectors. As in previous years, it will begin to solicit suggestions from the general public and stakeholders, and may include some in the budget.
Finance department sources said the budget for the 2022-23 fiscal year will be tabled in the assembly in February. It is likely to focus on achieving the Sustainable Development Goals through faster poverty reduction, increased farmer incomes through crop diversification and direct transfer of benefits, provision of piped drinking water to all and the provision of affordable health care facilities.