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Budget 2019: How Union Budget Is Prepared

Jan 31, 2019 04:46 PM IST India India

Narendra Modi-led central government is set to prepare the final budget of its' term on February 1. The budge, which is govt's most important financial document, is prepared through a series of consultations between the ministry of finance, states, UTs and other autonomous bodies. This process starts as early as August and takes about 6 months until completion. Here's a step-by-step process for how the budget is prepared through the year.