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Synopsis Government budgeting is a subject of increasing importance and interest in India. The high level of administrative, welfare and developmental activities of the Central Government make for colossal amounts of both receipts and disbursements. Such large-scale public transactions through the budget affect the economy in various ways. This book explains the concepts and processes involved in the budgetary exercise of the Government of India. It describes the Parliamentary procedures and controls applicable to budgetary activities of the Government, the structure of the Central budget, and the interface between the Central and State finances. It also explains the relatively technical aspects of the Central budget, viz. its functional, economic and cross-classification. More importantly, it also brings at one place, carefully selected extracts from the budget speeches of the Union Finance Ministers since independence. Furthermore, it provides a ready source of comprehensive statistical information on Central Government finances in India. It would be useful for a cross-section of academic community and researchers, both in India and abroad. The data has been suitably condensed, edited, excerpted, recast and formatted for easy comprehension by the users. This work, it is hoped, would prove useful for the students of economics, commerce, public administration and business management. An understanding of the mechanics of governmental financial transactions will also serve the needs of legislators, administrators and those in industry and trade. In short, the book will be useful for those who want to understand the processes involved in government budgeting.