Authorisations by Parliament are based on budget estimates (BE) prepared by ministries and departments as directed by the budget division of the ministry of finance. The appropriation accounts of the government for 2018-19 cover approved provisions aggregating to Rs 97.58 lakh crore. The total expenditure that fiscal year, however, amounted to Rs 92.91 lakh crore, it said. According to the audit report, savings of Rs 1.31 lakh crore in 2018-19 were on account of regulation of expenditure both at revised estimate (RE) stages and thereafter. There was a saving of Rs 22,039.83 crore on account of less than budgeted transfer of funds to Madhyamik and Uchhattar Shiksha Kosh (MUSK).

Source: Hindustan Times September 28, 2020 13:54 UTC