Volume : III, Issue : V, May - 2013

FRBMA and Central Government Expenditure: A Lesson from Recent Union Budgets: 2005–06 �2012– 13

Manjira Dasgupta

Abstract :

The present Paper takes as reference point the well–timed FRBMA (Fiscal Responsibility and Budgetary Management Act 2003), and examines how far recent Union Budgets, and Central Government Expenditure in particular, have succeeded in adhering to the envisaged “Roadmaps for Fiscal Consolidation”, given the various circumstances at home and aoad, particularly the recent global financial crisis and the Euro–zone scenario. The paper critically examines whether budgets in recent years have remained true to the spirit of the FRBMA. It concludes that external factors, being largely beyond the control of the Fiscal Authorities, have frequently led Indian finances astray with the envisaged fiscal management presumably beyond the authority’s control in the immediate foreseeable future.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Manjira Dasgupta FRBMA and Central Government Expenditure: A Lesson from Recent Union Budgets: 2005-06 �2012-13 Indian Journal of Applied Research, Vol.III, Issue.V May 2013

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