Preview of Public Expenditure in India in the Recent Past Decades

Abstract

This paper concentrated on the possibility of liberalisation and FRBM acts are contrasted government spending–annual data from India (1960-61 to 2012-13RE) for the constant price series (2004-05) and semi-log functional form employed. The paper notices the growth of government expenditure was peak at 1986-87 and there was a steady fall till 1996-97. The central government capital expenditure accounted lower than the states in the second half of 2000’s with the expenditure management measure. Over the year the government commitments depends only allocation and distribution of government spending rather than future cost and benefit of outcome and output. Recent years Government of India is in the process of implementing the expenditure management framework to bring on the correspondence with policy, planning and budgeting.