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First Outcome Based Budget
March 11 , 2021
1280 days
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- The government of Jharkhand has presented the “Outcome-Based Budget” for the first time.
- In this budget, all the departments were given specific targets and responsibilities that are required to be completed in a specified time.
- The results with respect to those targets will be evaluated at the end of financial year 2022.
- This technique of presenting budget was recommended from the budget 2007- 08.
- Under this mechanism, each ministry handling a sector are required to present a preliminary outcome budget to the Ministry of Finance.
- This budget is presented with the objective of establishing correlation between the outlay, output and outcome of the budget.
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