Advertisement
Garg further said that “of the budgeted expenditure of Rs 27.86 trillion, a large part gets consumed in payment of interest and establishment expenditure.”
“Large-scale reforms are called for in the central expenditure programme. I hope to bring out an analysis of which central government expenditure programme should be scrapped or deeply restructured and streamlined in a separate piece,” Garg said in a blog post.
He also noted that as the productivity of government expenditure is generally lower than that of private expenditure, it makes sense if the government undertakes only those expenditures that deliver benefits commensurate with the benefits forgone on the resources raised from the private sector.
Related Articles
Advertisement
The establishment expenditure is to take care of salaries, dearness and other allowances, pensions and other establishment-related expenditures such as travel allowances.