Lok Sabha completes budgetary exercise | delhi | Hindustan Times
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Lok Sabha completes budgetary exercise

delhi Updated: Jul 27, 2009 22:35 IST

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The Lok Sabha on Monday completed the three-phase budgetary exercise for 2009-10 by passing the Finance Bill, 2009 by voice vote.

The Finance Bill will be sent to the President Pratibha Patil for her assent after it is returned by the Rajya Sabha.

Finance Minister Pranab Mukherjee, who initiated the budgetary exercise by presenting the budget for 2009-10 in the Lok Sabha on July 6, is scheduled to reply to the questions on the Finance Bill in the Rajya Sabha on Tuesday.

The Lok Sabha last week passed the demands for grants allowing the government to withdraw money from the Consolidated Fund of India to meet necessary expenditure, thus completing the second phase of the budgetary exercise.

The first phase of the budgetary exercise, which deals with general discussion on the budget, ends with a reply by the Finance Minister.