Slow dating: The Feb. 28 date meant that the actual disbursal of funds got delayed till the very end of the monsoon. more-inThe advancement of the Budget date to February 1 had a positive effect on the pattern of government expenditure, which increased “substantially” in April and May compared to previous years, according to a Finance Ministry official. The Budget for the financial year 2017-18 was presented on February 1 instead of at the end of the month in order to facilitate a timely disbursal of funds for various sectors. 10-15% increase“The exact increase is still being calculated, but it is definitely substantial and we will make the report public soon. The Finance Act 2014 was passed on July 10 of that year.

Source: The Hindu May 28, 2017 15:22 UTC