The formation of budget undergoes the following steps -The budget is first presented in the Lok Sabha, after which it is presented in the second houseAfter the general presentation, it is laid open for general discussion where the finance minister answers a few questionsIt is then given to Departmentally Standing Committee which analyzes the budget in detailThe budget is then presented to the Lok Sabha as a vote for GrantAfter the vote both the house of the parliament pass the appropriation bill which is assented by the PresidentFinally, a financial bill is passed bringing the process of budget to an end