MAJOR FUNCTIONS
The Budget Division is responsible for the preparation and submission to Parliament of the Central Governments Budget other than Railways, as well as the supplementary Demands for Grants and Demands for Excess Grants. The Budget and Supplementary and Excess Demands of State and Union Territories under the Presidents Rule are also dealt with in this Division. Besides, this Division is responsible for dealing with all issues relating to Public Debt, market loans of the Central Government and the fixation of terms & conditions of lending by the Central Government, fixing the administered interest rates and keeping a watch on the Ways and Means position of the Central Government The Division also deals with the matters relating to National Savings Organisation and Small Savings Schemes, Duties, Powers and Condition of Service of the Comptroller and Auditor General of India, Accounting procedures and Classification, dealing with issues relating to National Defence Fund, Railways Convention Committee and Central Road Fund.
Budget Division also performs the functions in relation to the administration of Fiscal Responsibility and Budget Management (FRBM) Act, 2003, as Amended in 2012 and the Rules framed thereunder.
The work relating to Treasurer Charitable Endowment is also handled in the Budget Division. The Charitable Endowment Act, 1890 provides that where property is held or is to be applied in Trust for charitable purposes, the Central Government, if it thinks fit, may, on application made, order that the property be vested in a Treasurer Endowments on such terms as to the application of the property or the income there of as may be agreed on between the Government and the persons(s) making the application. Presently, this appointment is held by Deputy Secretary/Director (Budget).
The Budget Division functions under the supervision of Joint Secretary/Addl. Secretary (Budget) and comprises of the following Sections/Units whose functions have been summarised briefly:
- Accounts Section
- Coordination Section
- Demands Section
- FRBM Cell
- National Savings - I
- National Savings - II
- Public Debt Section
- Reports Section
- States Section
- Supplementary Demands Section
- Way and Means Section
- Budget Press
- Hindi Section I to IV
In addition to work of routine administrative nature, sections at S.No.1-10 deal with all budgetary matters pertaining to Demands for Grants and allied subjects of different Ministries/Departments of Central Government. The major work undertaken in the Budget Division relates to the Scrutiny of Receipt and Expenditure Estimates in the process of preparation of Budget Estimates and Revised Estimates, and related Statements, Annexes of the various budget documents. The detailed estimates of receipts and expenditure are prepared by the Ministries/Departments in the prescribed forms and furnished to the concerned Sections in the Budget Division. These estimates are scrutinised in detail and further consolidated as part of process of compilation of the Budget and related documents, which are being briefly described below.
