The budget in India serves as a comprehensive policy document that goes beyond financial statements. Analyse.

Topic: Government Budgeting.

Topic: Government Budgeting.

3. The budget in India serves as a comprehensive policy document that goes beyond financial statements. Analyse. (250 words)

Difficulty level: Easy

Reference: Insights on India

Why the question: The question is part of the static syllabus of General studies paper – 3 and mentioned as part of Mission-2024 Secure timetable. Key Demand of the question: To write about the weaknesses in the budgetary system and measures to overcome them. Directive word: Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary. Structure of the answer: Introduction: Begin by defining budget and major objectives of budgeting. Body: First, elaborate up on how budget provide framework of achieving annual objectives. Next, write about the weaknesses in the budgetary system and its implementation – budget estimates, Skewed expenditure pattern, Poor planning and lack of long-term perspective etc. Next, suggest measures to overcome the above weaknesses in order to ensure that budgetary objectives are achieved. Conclusion: Conclude by writing a way forward.

Why the question:

The question is part of the static syllabus of General studies paper – 3 and mentioned as part of Mission-2024 Secure timetable.

Key Demand of the question:

To write about the weaknesses in the budgetary system and measures to overcome them.

Directive word:

Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.

Structure of the answer:

Introduction:

Begin by defining budget and major objectives of budgeting.

First, elaborate up on how budget provide framework of achieving annual objectives.

Next, write about the weaknesses in the budgetary system and its implementation – budget estimates, Skewed expenditure pattern, Poor planning and lack of long-term perspective etc.

Next, suggest measures to overcome the above weaknesses in order to ensure that budgetary objectives are achieved.

Conclusion:

Conclude by writing a way forward.