Public Budgeting in India

1. Front Matter

   Pages i-xxvii

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2. Introduction and Overview

   • Gayithri Karnam

   Pages 1-7

3. Indian Constitutional Framework for Fiscal Regime

   • V. S. Mallar

   Pages 9-15

4. The Budget: What It Means and How It Is Prepared

   • M. R. Sreenivasa Murthy

   Pages 17-37

5. Public Revenue: Sources and Growth

   • N. Sreedevi

   Pages 39-59

6. Managing Government Expenditure: Searching for Lines of Control

   • B. S. Bhandary, Gopalkrishniah Nagesha

   Pages 61-89

7. Public Expenditure in India: Some Issues and Concerns

   • Gayithri Karnam

   Pages 91-107

8. Budgeting Techniques of Rural Local Bodies in Karnataka

   • M. R. Anantha Ramu

   Pages 109-118

9. Program Performance Budgeting Approach to Enhance Quality of Public Expenditure: Approach and Challenges in Karnataka

   • Gayithri Karnam

   Pages 119-141

10. Accrual Budgeting

    • S. K. Das

    Pages 143-162

11. Revisiting Financial Accountability

    • A. Premchand

    Pages 163-183

12. Public Financial Accounting and Auditing: Principles and Practices

    • C. Vijaya Kumar

    Pages 185-202

13. Public Provisioning of Infrastructure Changing Strategies: Empirics of India

    • Nagesha Gopalkrishniah

    Pages 203-220

This book explores public budgeting in India. As government finances play an important role in the social and economic development of a nation, it focuses on public budgeting in the context of India.  The respective chapters not only discuss the underlying principles of budgeting, but also address the practical issues related to the government’s financial operations and their macro-economic implications. Recently there has been considerable debate surrounding the size of government, with the neo-liberal framework advocating a very limited governmental role.


This book provides comprehensive information on the practical aspects of public budgeting with regard to how governments raise revenues, how they are spent, the nature of public services provided, and their implications for the social and economic development of the country against the backdrop of public budgeting theory. The topics covered include the constitutional fiscal framework; theories, structure and issues related to budgets; mechanisms of budget construction, budget execution, public budgeting and performance assessment; government accounting; and financial accountability.

• Fiscal Deficit
• Fiscal Rules
• Government Expenditure
• Government Revenue
• Public Accountability
• Public Budgeting

• Centre for Economic Studies and Policy, Institute for Social and Economic Change, Bengaluru, India

  Gayithri Karnam

Gayithri Karnam is a Professor of Economics at the Center for Economic Studies and Policy, Institute for Social and Economic Change, Bangalore, India. She specializes in the areas of public economics, industrial economics and public policy studies. She has conducted extensive research in the area of state fiscal studies, public expenditure planning and management, budget reforms. She has served as an advisor on a number of state government committees and as consultant to international donor agencies like USAID and DFID for state level fiscal studies. She has been a recipient of Shastri Indo Canadian faculty research fellowship twice to undertake comparative fiscal studies at the Carleton University, Canada. She has undergone training at the Duke Center for International Development, Duke University (Durham, USA) on aspects relating to ‘public budgeting and financial management’. She has also participated in the executive education program on ‘Public financial management in a changing world’ at the John F Kennedy School of Government at the Harvard University, Boston.

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