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."
"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,
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