Para 18.3.5 — CAM
Original Rule Text
What This Means
Under FRBM Rules, specific fiscal transparency disclosures must be included in the Receipt Budget: Guarantees given by Government, Tax Revenues raised but not realized, Arrears of Non-Tax Revenues, and Asset Register. The Head of Accounting Organization must ensure this data matches actual accounts. Additionally, the Medium-Term Expenditure Framework (MTEF) provides a 3-year rolling expenditure forecast laid before Parliament after the budget session. For Detailed Demands for Grants (DDGs), the Head of Accounting Organization ensures realistic allocation, correct classification under LMMHA heads, and avoidance of residual heads like 800/43/49/60/77.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1FRBM disclosures: Guarantees, Unrealized Tax Revenue, NTR Arrears, and Asset Register — data must match accounts exactly
- 2MTEF provides a 3-year rolling expenditure forecast; laid in Parliament after the budget session
- 3DDG allocations must use correct heads from LMMHA/PFMS Account Code Directory
- 4Avoid residual heads: Minor Head 800, Object Heads 43 (Suspense), 49, 60, and 77 wherever possible
- 5DDGs must be uploaded on the Ministry/Department website and totals must match DG prepared by Budget Division
Practical Example
While preparing the DDG, the Budget Section proposes to allocate Rs 100 crore under 'Other Revenue Expenditure' (Object Head 49). The Pr. CCA reviews and identifies that Rs 70 crore is for a specific training programme. She advises creating a proper budget line under the relevant functional head instead of using the catch-all Object Head 49. She also checks the FRBM disclosure data: the guarantee register shows Rs 5,000 crore in outstanding guarantees, which she verifies against the PAO records before submission to Budget Division.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why should residual heads like Minor Head 800 or Object Head 49 be avoided?▼
What is the Medium-Term Expenditure Framework (MTEF)?▼
Who is responsible for FRBM disclosure accuracy?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.