Starting the budgetary exercise, Expenditure Secretary in the Finance Ministry will hold meetings with officials of other ministries and departments from November 3 to firm up Budget estimates.
In the meetings, revised estimates for 2014–15 and Budget estimates for 2015–16 for Plan and non-Plan expenses would be finalised. The departments would also be required to give projected physical outcome during 2015–16 and 2016–17 and financial resources required for that.
The meeting would also discuss “any new expenditure commitments arising out of the policy change, and disbursal and availability of funds at various tiers of scheme implementation. For the current fiscal, the government has proposed a Plan expenditure of Rs 5.75 lakh crore, while that for non-Plan expenditure is over Rs 12.19 lakh crore.