The budget-making process begins in August or September at the finance ministry, specifically the Budget Division in the Department of Economic Affairs in the Ministry of Finance. A core Budget group consisting of the finance minister, finance secretary, revenue secretary, expenditure secretary, and the chief economic advisor starts working on the budget.
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Union Finance Minister Nirmala Sitharaman will reply to the Budget discussion in Lok Sabha (Lower House) of the Parliament at 10 am on Saturday. Earlier on Friday, the Finance Minister said Union Budget for FY21-22 attempts at providing stimulus to the economy.