Another { Welcome }
First
In his budget speech yesterday, Shri Jaiteley said :
This budget is unique in that , for the first time ,
·
It merges the erstwhile Railway Budget with the main budget
·
It is being presented on 01 February instead of on traditional 28th
Feb
·
It does away with the distinction between the Plan and the Non
Plan expenditure
What the media – and most listeners –
missed , is his passing reference that , for the FIRST TIME ever
, this budget annexure carries OUTCOME
TARGETS for a few Ministries / Departments
Thank you , Shri Jaitleyji , for
* accepting my suggestion (
outlined in my following E Mails ) and introducing an UNPRECEDENTED REFORM , having long term consequences on our SYSTEM OF GOVERNANCE
* making Ministers accountable /
answerable for the actual ACHIEVEMENTS
vs TARGETS , set in advance for their Ministries
---------------------------------------------------------------------------------------------------
An
Unprecedented Budget Reform [ 09
Dec 2016 ]
Budgeting
by Objectives [ 05
Dec 2014 ]
---------------------------------------------------------------------------------------------------
Of course , your critics will argue that ,
{A
} None of the TARGETS are “ QUANTIFIABLE / MEASURABLE “
{
B } There is no mention of which THIRD PARTY agencies will MONITOR THE ACTUAL ACHIEVEMENTS { eg: CMIE / ICWA / PRAJA / ADR /
ArthKranti / IIM / ISB etc }
{
C } Where / When / How often , will the ACTUAL PERFORMANCE get reported
Dear Shri Jaitleyji :
While welcoming such well-meaning
criticism , ask them for specific suggestions on how / what they would want you
to do in respect of A / B / C , in your next budget
Then tell them :
This REFORM
is PATH-BREAKING .
What is important is that a beginning has been made
EXTRACT FROM ANNEXURE OF BUDGET 2017-18 :
“ OUTLAYS
FOR OUTCOMES “
PREFACE
The “OUTCOME
BUDGET” reflects the endeavour of the Government to convert "Outlays" into "Outcomes"
by planning expenditure, fixing appropriate TARGETS
and quantifying DELIVERABLES of each
scheme.
The “OUTCOME
BUDGET” is an effort of the Government to be transparent and ACCOUNTABLE to the people.
In addition to an Executive Summary, the OUTCOME BUDGET 2016-17 contains seven separate sections relating to
seven Demands under Ministry of Finance for which the OUTCOME BUDGET is to
be prepared.
OUTCOME:-
The payment to IDA will assist World
Bank Group to carry out programs of Poverty Reduction in IDA countries
OUTCOME:
The payment of instalments of India's
subscription to the sixth General capital Increase of AfDB is to fulfil India's
international obligation and to maintain India's voting share in the bank.
OUTCOME:
The payment to AfDF is to assist Poverty
Reduction in African Countries through Projects and Programs of the AfDF.
OUTCOME:
After the completion of subscription to
these shares by India and other countries, India will become the 7th largest
shareholder in IBRD with voting power of 2.91%. Before this revision, India's
voting power was 2.77% at 11th position among shareholders.
OUTCOME:
IFAD is a Specialised Agency working to
enable rural poor to overcome poverty and hunger. IFAD's policies and programme
have great relevance at a time when Poverty Eradication remain a major concern
of the International Community. India's contribution will help further to this
cause. India is also utilising the resources, and domain knowledge and expertise
of IFAD in order to achieve the goal of eradication of poverty.
OUTCOME:
India's grant fund is being utilized to
assist AfDB and ADF in the preparation and implementation of development
projects and programmes.
OUTCOME:
The GAVI is a public-private global
health partnership committed to saving children life by access to immunization.
India is benefiting from this programme. Outcome: As of 30th October, 2014
South-South facility exchange has involved India as a knowledge provider and
recipient making India one of the top 10 countries both as recipient &
provider.
OUTCOME:
India's grant fund is being utilized to
assist AfDB and ADF in the preparation and implementation of development
projects and programmes.
02 Feb 2017
www.hemenparekh.in/
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