ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Institutional Constraints on Government Expenditure

Institutional Constraints on Government Expenditure

The government is seeking to undertake major investment outlays, yet it has accumulated huge cash balances with the RBI. Plan expenditure during the current fiscal has been growing very slowly ? the total by just 3.5 per cent in April-November 2004 and capital outlay by a meagre 0.6 per cent. It is not, as the government argues, seasonal factors that are responsible for the loss of momentum. The institutional structure for decision-making on major developmental programmes, the system of coordination and the commitments of the bureaucracy all leave much to be desired.

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