Term:
Budget calendar
Definition:
A calendar indicating the key dates in the process of preparing and approving the budget. These would include the date the budget circular is issued, time period for discussing estimates with the ministries and departments, the date the executive budget is submitted to the legislature, legislative review including dates for budget hearings, and the date the budget appropriations bill should be passed by the legislature. There may be other important steps in the process, which varies by country.
Domain:
Finance
Source:
IMF, 2007, Manual on Fiscal Transparency, IMF, Washington DC, Glossary