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Improving Public Financial Management in India: Opportunities to Move Forward

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  • Jena, Pratap Ranjan

    () (National Institute of Public Finance and Policy)

Abstract

In recent years the role of a sound PFM system to achieve the objectives of fiscal discipline, strategic planning, and improved service delivery has been getting increasing public attention in India. Since public financial management reforms undertaken intermittently over the years, have not delivered anticipated results in these areas, studies and recommendations of Government appointed committees and expert bodies have identified gaps that need attention to strengthen the PFM institutional framework and to improve the efficiency of government spending. This paper examines key PFM reform measures undertaken in India over the past few years and provides suggestions to enhance the effectiveness of these PFM systems.

Suggested Citation

  • Jena, Pratap Ranjan, 2013. "Improving Public Financial Management in India: Opportunities to Move Forward," Working Papers 13/123, National Institute of Public Finance and Policy.
  • Handle: RePEc:npf:wpaper:13/123
    Note: Working Paper 123, 2013
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    Keywords

    Public financial management ; Budgeting system ; Performance budgeting ; Fiscal rules ; Audit ; Accounting;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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