Amendment status not verified — confirm the current text below against the official source.
Contents of the Budget [Sections 7 and 95]. (1) The budget among other things should contain adequate and suitable provisions for,- (i) Opening Balance; (ii) estimated income separately indicated for own sources such as tax revenues, non-tax revenues like fees, penalties, fines, income from sale of land, temporary use of land, grazing grounds, water reservoirs, agricultural farms, orchards, bone contracts, rental income from shops and buildings, etc. (iii) grant-in-aid from State Government under different heads like share against land revenue, maintenance grant, development grant, establishment grant, incentive grant, education, rural sanitation, housing, improved chulha, water supply and cleaning a The Punjab Panchayati Ray (Gram Panchayat) Rules, 2012 173 and general purpose grant, and (iv) receipts from Central Government through District Rural Development Agency or for Rural Development and Employment generation. (2) The expenditure proposed on establishment and discharge of the duties under the Act and rules, estimates should be, - (i) for existing expenditure; and A (ii) for new expenditure separately indicating special reasons for : new items. (3) Due discharge of ail liabilities in respect of loans and for all other commitments like refunds, etc. (4) Budget shall also contain,- (i) actual of the previous year as compared with original estimates for that year, (ii) revised estimates for the current year as compared with the original estimates for that year, and (ii) budget estimates for the ensuing year as compared with the original or revised estimates for the current year.