The Budget is a huge fiscal exercise and it is interesting to find out how India goes about the budget process and how it balances its books.

Flow along this chart to find out how India goes about balancing its books:

STAGE 1: Estimates. Part A - Expenditure.

STAGE 1: Estimates. Part B - Revenue.

 
[To the word picture]

STAGE 2: First estimates of deficit.

STAGE 3: Narrowing of the deficit.

STAGE 4: The Budget

ALSO SEE

The Budget Process: The Word Picture