Home / Economy / News / Govt deviates from norm, asks House to regularise 2-year-old expenditure

Govt deviates from norm, asks House to regularise 2-year-old expenditure

Demonstrates the sluggishness at the Centre in finalising its accounts, which means the states have to depend on older data to make their point about revenue and expenditure mismatch

government, politicians, governance, accounts

Premium

Every year, the ministry is supposed to get Parliament to approve all differences in expenditure — between what was voted on and what was spent. No money can be spent without Parliament’s approval | Illustration: Binay Sinha

Subhomoy Bhattacharjee New Delhi

3 min read Last Updated : Sep 18 2020 | 3:20 AM IST

In an unusual departure from norms, the central government has asked for regularising more than two-year-old expenditure from Parliament.

The sum is Rs 1.87 trillion but there is no financial implication. It only demonstrates the sluggishness at the Centre in finalising its accounts, which means the states have to depend on older data to make their point about revenue and expenditure mismatch.

On Monday the finance ministry tabled in Parliament a note on regularising differences in borrowing figures in respect of state government debt for 2016-17, along with the first set of the supplementary budget for the year 2020-21.

Every

Topics : central government Finance Ministry Government expenditure Parliament Public Accounts Committee

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in