Section 117
Budget estimates.
The Code on Social Security, 2020
About this Act
An Act to amend and consolidate the laws relating to social security with the goal to extend social security to all employees and workers either in the organised or unorganised or any other sectors and for matters connected therewith or incidental thereto.
(1) Each of the Social Security Organisations shall in each year frame a
budget showing the probable receipts and the expenditure which it proposes to incur during the following
year and shall submit a copy of the budget for the approval of the appropriate Government before such date
as may be fixed by it in that behalf.
(2) The budget shall contain provisions adequate in the opinion of the appropriate Government for the discharge of the liabilities incurred by the Social Security Organisation and for the maintenance of a working balance.
(2) The budget shall contain provisions adequate in the opinion of the appropriate Government for the discharge of the liabilities incurred by the Social Security Organisation and for the maintenance of a working balance.