Budgetary exercise

 Article link: The Hindu Business Line: Bringing in accountability in the Budgetary exercise - The Hindu BusinessLine

Extract from the article:

The Outcome Budget, a report released by the Finance Ministry, is noticeably absent from the ongoing debate. The upcoming year's budget of the Government is not covered in this report.

The emphasis on converting "Outlays" into "Outcomes" by setting targets and quantifying deliverables is highlighted in this effort.

The Outcome Budget aims to enhance transparency and accountability in government spending.

My Take:

An Unprecedented Budget Reform

"In my blog post discussing the tightening of Outcome Budget norms back in 2016, I emphasized the need for ministries to prepare Outcome Budgets to achieve set objectives within a specified time frame.

This aligns with the current article's focus on enhancing accountability in budgetary exercises by linking outlays to deliverables."

An Idea of Accountability

"Back in 2018, I highlighted the importance of Outcome Budgets being prepared after finalizing budgetary estimates to ensure adherence to set deliverables.

The recent article's mention of setting deadlines to meet objectives aligns with the essence of holding ministries accountable for their allocated funds based on measurable outcomes."

Call to Action:

To the Finance Ministry and all concerned ministries: It's imperative to prioritize the integration of Outcome Budgets into the budgetary exercise to enhance transparency and accountability.

Setting clear objectives and measurable deliverables as highlighted in the Outcome Budgets can significantly improve public expenditure management and governance.

With regards,

Hemen Parekh

www.My-Teacher.in