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Budget estimates

About Budget estimates

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What are Budget estimates

Every year, the Budget is presented before Parliament by the Union finance minister. During the speech, the funds allocated for various jobs and activities and ministries are laid out. These numbers are called Budget estimates. For example, if the government sets Rs 1,000 crore aside for defence, then Rs 1,000 crore will the Budget estimate for defence for the given financial year.
 
One thing to note here is that these estimates are not exact numbers or the final commitment by the government to any particular sector. These are just estimates of the extent of expenditure the government is willing to go for. The government later gives a revised estimate of how much is possible for it to extend to the said sector. The revised estimates and budget estimates may vary, but the difference may not be huge. The actuals are the numbers that represent the real amount extended by the government to the sector concerned.
 
Budget estimates represent the government's wishes and ambitions. Revised estimates show how the expenditure is likely to pan out. Actuals give the real number for how much was really extended.

Latest Updates on Budget estimates

The government's command over household savings needs to be reduced for stimulating demand and private credit

Updated On: 20 Feb 2023 | 10:28 PM IST

Without the expenditure rationalisation, the Revised Estimates (RE) for the Centre's total spending would have been about Rs 43.4 trillion instead of Rs 41.9 trillion

Updated On: 09 Feb 2023 | 10:57 PM IST

The CEA also said that as nominal and real GDP growth improve, many more urban jobs will be created and that will also absorb more of the rural workforce

Updated On: 06 Feb 2023 | 11:04 PM IST

Critics say fund cut will lead to delay in payments, suppression of demand

Updated On: 05 Feb 2023 | 11:11 PM IST

Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles

Updated On: 03 Feb 2023 | 6:10 AM IST

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

Updated On: 03 Feb 2023 | 6:10 AM IST

The government has ring-fenced financial outlays for various social sectors, and this is reflected in nominal increases and efforts to make them more effective

Updated On: 03 Feb 2023 | 6:00 AM IST

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Updated On: 03 Feb 2023 | 6:15 AM IST

Here are 10 stocks across sectors that are expected to gain the most from the various proposals

Updated On: 03 Feb 2023 | 6:05 AM IST

In an interview to PTI, Malhotra said the government does not have any specific timeline to make the new regime mandatory for taxpayers

Updated On: 02 Feb 2023 | 8:47 PM IST

Some of the countries whose allocation has been reduced under this head include Bhutan, Afghanistan and Mauritius

Updated On: 02 Feb 2023 | 8:42 PM IST

According to the Budget Estimates (BE) for 2022-23, the IIMs were allocated an amount of Rs 653.92 crores

Updated On: 02 Feb 2023 | 7:21 PM IST

The Smart Cities Mission was allotted Rs 8,000 crore as against Rs 8,800 crore in the revised estimates for the last fiscal

Updated On: 01 Feb 2023 | 11:22 PM IST

He said the budget stands firm on the foundation laid by the previous budgets presented by the Narendra Modi government

Updated On: 01 Feb 2023 | 11:08 PM IST

The allocation to the government's autonomous body, Prasar Bharati, has been increased to Rs 2,808.36 crore from Rs 2,764.51 crore allotted to it in the last fiscal

Updated On: 01 Feb 2023 | 10:55 PM IST

The chamber which has been seeking relief to the MSMEs expressed gratitude to the government for giving several incentives to the small businesses and the start-ups

Updated On: 01 Feb 2023 | 10:48 PM IST

The Budget marked an increase in the allotment for Ex-Servicemen Contributory Health Scheme (ECHS) with Budget Estimates of Rs 5,431.56 crore in FY 2023-24 as against Rs 3,582.51 crore in FY 2022-23

Updated On: 01 Feb 2023 | 10:37 PM IST

The Budget allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs 9,363.70 crore

Updated On: 01 Feb 2023 | 10:31 PM IST

According to Union Budget documents, an individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh

Updated On: 01 Feb 2023 | 9:18 PM IST

For the next fiscal beginning April 1, the miscellaneous capital receipts have been pegged at Rs 61,000 crore, including Rs 51,000 crore from disinvestment

Updated On: 01 Feb 2023 | 9:11 PM IST