(1) The Authority shall, in each financial year, prepare a budget for the Coastal Aquaculture Authority for the next financial year and shall submit it for sanction to the Central Government on or before such dates as may be appointed by the Central Government.
(2) No expenditure shall be incurred until the budget is sanctioned by the Central Government and the sanction for that expenditure by the competent authorities is received.
(3) The budget shall be prepared in the following form or as may be directed by the Central Government indicating:-
(a) the estimated opening balance;
(b) the estimated receipts referred to in sub-section (1) of section 17 of the Act;
(c) the estimated expenditure classified under the following broad heads or such other heads as per the schemes approved by the Central Government, namely
(i) Administration;
(ii) Development;
(iii) Statistics;
(iv) Inspection/ Works;
(v) Financial and other assistance/ subsidy scheme;
(vi) Others Note:- Wherever applicable, full details shall be given, under various sub-heads for each broad head, indicating estimated expenditure including that of pay of officers, pay of establishment, allowance, honoraria, contingencies and the like.
(4) Supplementary estimates of expenditure, if any, shall be submitted for the sanction of the Central Government in such form and on such dates as may be directed by it in this behalf.