The prescribed authority shall get the accounts of every Halqa Panchayat audited every year in the manner prescribed.

Annual Budget Annual Budget.

1. (1) Every Halqa Panchayat shall prepare and for presentation before meeting of voters the budget estimates of income and expenditure for the year commencing on 1st of April of the Halqa Panchayat incorporating therein future development programmes and plans for the relevant year.
2. (2) A copy of the budget estimates of income and expenditure and the annual report of the working of the Halqa Panchayat shall be sent to the prescribed authority for record within three days after the meeting under sub-section (1).
3. (3) If any Halqa Panchayat fail to present its budget or annual report in the meeting, the prescribed authority shall prepare the same and the voters shall consider the budget so prepared and presented, and draw the development programmes and plans for the Halqa Panchayat area.
4. (4) Approved budget for the Halqa Panchayat shall be published in such manner as may be prescribed.