banner.jpg (11493 bytes)
Expenditure Management

Economic Situation
Key Objectives
Small Scale Industry
Science & Technology
External Sector
Capital Market
Expenditure Management
PSU Reform
Revised Estimates
Budget Estimates
Indirect Taxes
Custom Duties
Direct Taxes - A
Direct Taxes - B
Closing Statement

Budget 1998-99
Budget 1997-98
Budget 1996-97


Expenditure Management

The high rate of growth of non-developmental expenditure by Government is a growing and critical source of concern. I propose the following initiatives:
The most effective and lasting solution to this problem is to begin the process of downsizing Government. We are making an immediate beginning by abolishing four Secretary-level posts through a process of merger and rationalisation of Central Government departments. This will take effect on April 1, 1999.
To carry this process forward in a systematic way towards reducing the role and the administrative structure of the Government, we will constitute an Expenditure Reforms Commission headed by an eminent and experienced person.
In preparation for the next Budget, I propose to initiate a system of Zero Base Budgeting.
To promote transparency and curb the growth of contingent government liabilities, Government has decided to establish a Guarantee Redemption Fund with an initial corpus of Rs.50 crore. I encourage all State Governments to set up similar Funds.


Latest News>..<Fiscal Budget>..<The Economic Survey>
The Railway Budget>..<Post Budget Reactions>..<Other Policies>

Copyright 1996-99 MediaWeb India,
except where otherwise noted.
Please read the legal notice and disclaimers