The Government has constituted an Expenditure Management Commission (EMC) through Resolution dated 4th September, 2014. The EMC has started its functioning.
EMC will look into various aspects of expenditure reforms to be undertaken by the Government such as review of the institutional arrangements including budgeting process and Fiscal Responsibility and Budget Management (FRBM) rules, suggest ways to improve allocative efficiencies in the existing expenditure classification system, and other issues concerning Public Expenditure Management.
The EMC is required to submit its interim report before the Budget of 2015-16 and its final report before the Budget of 2016-17.
This information was given by the Minister of State for Finance, Shri Jayant Sinha in written reply to a question in Lok Sabha today.
EMC will look into various aspects of expenditure reforms to be undertaken by the Government such as review of the institutional arrangements including budgeting process and Fiscal Responsibility and Budget Management (FRBM) rules, suggest ways to improve allocative efficiencies in the existing expenditure classification system, and other issues concerning Public Expenditure Management.
The EMC is required to submit its interim report before the Budget of 2015-16 and its final report before the Budget of 2016-17.
This information was given by the Minister of State for Finance, Shri Jayant Sinha in written reply to a question in Lok Sabha today.
