Officials were also instructed to submit revised estimates for the ongoing Financial Year 2024-25 again through the Finance Department portal
Hyderabad: The State government formally initiated the Budget estimates’ preparation exercise for the Financial Year 2025-26. All the heads of departments and other estimating officers have been directed to submit the Budget estimates in prescribed formats through the Finance Department portal online.
In case of failure to submit estimates as per the proforma, budgetary allocations for the same will not be made for the departments concerned.
The officials were also instructed to submit revised estimates for the ongoing Financial Year 2024-25 again through the Finance Department portal by January 4. In the orders issued on Tuesday, the Finance Department stated that the Budget will be designed for the optimal allocation of available resources taking into account many socio-political considerations.
The officials were instructed to submit proposals pertaining to revenue receipts and revenue expenditure, including salaries and expenses for various existing schemes as well as newly proposed schemes for the ensuing fiscal.
The Budget estimates will be prepared based on the existing rates of taxes, duties and fees. However, the officials were instructed to refrain from proposing any increase or reduction of these rates which has not been approved by the State government. They may explore a new base for improving their revenue receipts, curb the leakages through strict vigilance and improve the performance of the employees concerned.
