new delhi oct 6 the finance ministry will kickstart the exercise to prepare annual budget for 202021 from october 14 which among other thing will have to address critical issues pertaining to slowdown in growth and subdued revenue collection it will be the second budget of both the modi 20 government and finance minister nirmala sitharaman the prebudgetre revised estimate meetings will begin on the october 14 2019 all financial advisers should ensure that the necessary details related to these meetings contained in the re module of the ubis union budget information system according to a budget circular 202021 of the budget division of the finance ministrys department of economic affairs the budget estimates for 202021 will be provisionally finalised after the expenditure secretary completes discussions with other secretaries and financial advisers prebudget meetings will begin from october 14 and continue till the first week of november it said some of the new inclusions in the circular relate to instructions regarding filling up of scheduled caste sub plan and tribal sub plan gender child budget statements etc it said the budget 201920 is likely to be presented on february 1 prime minister narendra modiled government scrapped a colonialera tradition of presenting the budget at the end of february then finance minister arun jaitley had for the first time presented the annual accounts on february 1 2017 with the preponement of the budget ministries are now allocated their budgeted funds from the start of the financial year beginning april this gives government departments more leeway to spend as well as allow companies time to adapt to business and taxation plans previously when the budget was presented at the end of february the threestage parliament approval process used to get completed some time in midmay weeks ahead of onset of monsoon rains this meant government departments would start spending on projects only from augustend or september after the monsoon season ended dp cs hrs