BAJAJ BROKING

Notification
No new Notification messages
Inventurus Knowledge Solutions IPO is Open!
Apply for the Inventurus Knowledge Solutions IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Revised Estimates: Definition and Importance

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Definition: Revised estimates of receipt and expenditure for the current financial year are normally given midway through the year against the Budget Estimates.

The government uses budget estimates to plan the whole budget but these figures are usually rough. After a mid-year survey on how these budget estimates have been used, the revised estimates are presented based on how much is left for each ministry from the budget estimates. Think of the revised estimates as the actual funds that the government will likely disburse to particular sectors by the end of the financial year. Revised estimates are essentially given as a counter to the Budget Estimates and apply only to the current fiscal year. Revised estimates post their mid-year survey, also explain the expenses that are going to happen in the particular financial year.  Depending on how each sector has progressed with the funds allotted in the Budget Estimates, the funds are revised by the government and presented as the revised estimate. If a department or ministry needs more funds to aid its growth, it will have to ask a supplementary grant in November. Based on this, the finance ministry will revise the allocated funds.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text