Government of India has constituted an Expenditure Management Commission which is headed by Dr. Bimal Jalan, eminent economist and public policy expert.
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Expenditure Management Commission:
The Committee has to submit its interim report before the budget of 2015-16 and its final report before the budget of 2016-17.
EMC will look into various aspects of expenditure reforms to be undertaken by the Government such as:
- Review of the institutional arrangements including budgeting process and Fiscal Responsibility and Budget Management (FRBM) rules,
- Suggest ways to improve allocative efficiencies in the existing expenditure classification system, and
- Other issues concerning Public Expenditure Management.