നന്നംമുക്ക്
ഗ്രാമ പഞ്ചായത്ത്

he Annual Budget is the document that outlines the income, expenditure, and development goals of a Panchayat for a financial year. According to the Kerala Panchayat Raj Act, the Panchayat governing body must prepare and present the budget for the following year by September 30th each year.

The following are the key aspects of a Panchayat Budget:

1. Major Categories in the Budget

The budget is primarily divided into two sections:

• Income (Revenue): This includes the Panchayat's own tax revenue (Property Tax, Profession Tax), grants provided by the Government (Plan Fund, Maintenance Fund), fees, and fines.
• Expenditure: This includes staff salaries, office expenses, funds for development projects (roads, drinking water, housing), and spending in sectors such as agriculture, education, and health.

2. Method of Budget Preparation

The Panchayat budget is formulated through a democratic process:

• Grama Sabhas: People's needs and requirements are collected through Grama Sabhas.
• Ward Development Committee: Necessary projects for each ward are determined based on priority.
• Budget Presentation: The Vice President usually presents the budget before the Panchayat Committee.
• Discussion and Approval: The members of the governing body discuss the budget and approve it, either with or without amendments.

3. Structure of the Budget

A budget document typically contains figures for three consecutive years:

1. The actual income and expenditure of the previous year.
2. The revised budget estimate for the current year.
3. The expected income and expenditure estimate for the upcoming year.