ESTIMATES OF RECEIPTS AND EXPENDITURE TO BE PREPARED ANNUALLY BY THE SECRETARY

ESTIMATES OF RECEIPTS AND EXPENDITURE TO BE PREPARED ANNUALLY BY THE SECRETARY.— The Secretary shall, subject to such rules as may be prescribed and such instructions as may be issued by the Government, in this behalf from time to time on or before the fifteenth day of January each year prepare and submit to the Standing Committee concerned a budget containing a detailed estimate of receipts and expenditure for the ensuing year, and, if in his opinion, it is necessary or expedient to vary taxation or to raise loans, shall submit his proposals in regard thereto.