process of budget, what is budget, budget definition, budget types, budget advantages and disadvantages

3. Process Of Budgeting
in Pakistan.

4. INTRODUCTION:
• The Budget of a country reflects its social,
economic, fiscal and financial
responsibilities.
• It also reflects the govt policies which it
has for future of the country.

5. THE BUDGETING PROCESS:
• Constitution:
In Pakistan legal system, various provisions
relating to budget appear in the constitution.
→ The budget when proposed is a bill before the
parliament & once accepted is an act of
parliament.
→ The procedure for general bills establishes that
a bill can originate in either in national assembly
or in senate.

6. CONTINUE……..
→ Once passed by the house in which it
originates, it is transmitted to another
house & if passed without amendment, is
passed to the president for approval.
→ The president must give his approval
within 30 days.
→ Once it receives presidential approval, it
becomes a law.

7. •ROLE OF NATIONAL
ASSEMBLY:
• Before its presentation to N.A., the budget
is discussed by cabinet & approved.
• The rules then provide that the budget
shall be presented to N.A. by the finance
minister on a date determined by the head
of the house.
• No other matter is discussed on the
Budget day.

8. CONTINUE…….
• There then follow a period of at least two
days before any discussion of the budget.
• At least four days must then be allocated
for budget discussion.

9. •BUDGET DEBATE IN NATIONAL
ASSEMBLY:
• The annual budget system is generally
presented at the N.A. during the 2nd week
of June and is passed by the beginning of
last week of June.
• This process generally leaves 12 to 17
working days for the various stages in
budget debate.

10. • ROLE OF SENATE IN BUDGET
PROCESS:
• Since 2003, it has been a requirement
that the budget statement is copied to the
senate at the same time as its
presentation to the N.A.
• The senate may discuss the budget
proposal & make recommendation to the
N.A.

11. •ROLE OF PARLIMENTARY
PARTIES:
• The parliamentary parties don’t make
organized advance preparation for budget
debate.
• Some parties do hold meetings during two
days break b/w presentation and debate &
are briefed by financial experts.

12. • ROLE OF STANDING
COMMITTEES:
• There are currently 41 N.A. standing
committees, each corresponding to a
federal ministry or division.
• However, the current structure and
practice excludes standing committees
from any role in budget process.

13. • PRE-BUDGET CONSULTATION
WITH CIVIL SOCIETY:
• No pre or post budget consultation
process is held.
• However, this is essential before to
budget announcement, the total available
funds, rather than any alternative to govt
spending policies.

15. THE
END….