Public Budgeting in India: Principles and Practices (India Studies in Business and Economics)

This book explores public budgeting in India. As government finances play an important role in the social and economic development of a nation, it focuses on public budgeting in the context of India. The respective chapters not only discuss the underlying principles of budgeting, but also address the practical issues related to the government's financial operations and their macro-economic implications. Recently there has been considerable debate surrounding the size of government, with the neo-liberal framework advocating a very limited governmental role. This book provides comprehensive information on the practical aspects of public budgeting with regard to how governments raise revenues, how they are spent, the nature of public services provided, and their implications for the social and economic development of the country against the backdrop of public budgeting theory. The topics covered include the constitutional fiscal framework; theories, structure and issues related to budgets; mechanisms of budget construction, budget execution, public budgeting and performance assessment; government accounting; and financial accountability.-- Provided by publisher Front Matter ....Pages i-xxvii Introduction and Overview (Gayithri Karnam)....Pages 1-7 Indian Constitutional Framework for Fiscal Regime (V. S. Mallar)....Pages 9-15 The Budget: What It Means and How It Is Prepared (M. R. Sreenivasa Murthy)....Pages 17-37 Public Revenue: Sources and Growth (N. Sreedevi)....Pages 39-59 Managing Government Expenditure: Searching for Lines of Control (B. S. Bhandary, Gopalkrishniah Nagesha)....Pages 61-89 Public Expenditure in India: Some Issues and Concerns (Gayithri Karnam)....Pages 91-107 Budgeting Techniques of Rural Local Bodies in Karnataka (M. R. Anantha Ramu)....Pages 109-118 Program Performance Budgeting Approach to Enhance Quality of Public Expenditure: Approach and Challenges in Karnataka (Gayithri Karnam)....Pages 119-141 Accrual Budgeting (S. K. Das)....Pages 143-162 Revisiting Financial Accountability (A. Premchand)....Pages 163-183 Public Financial Accounting and Auditing: Principles and Practices (C. Vijaya Kumar)....Pages 185-202 Public Provisioning of Infrastructure Changing Strategies: Empirics of India (Nagesha Gopalkrishniah)....Pages 203-220