Abstract Paper
| Title | : Medium–Term Expenditure Framework: A Review of Recent Development |
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| Author(s) | : T. Umamaheswari |
| Article Information | : Volume 03 - Issue 01 (July - 2018) , 15-35 |
| Affiliation(s) | : Sacred Heart College(Autonomous), Tirupattur |
Abstract :
Budgets are generally on an annual basis, many countries now also employ multi–year frameworks (MTFs). They typically cover a three–year time horizon. Over sixty per cent of OECD countries are preparing a medium term framework with targets and ceilings for expenditure, deficits and revenues covering, in most cases, a three–year horizon. In this context the present paper concentrates the Introduction of Medium Term Frameworks (MTFs), Weaknesses in Government Budgeting, Budgeting the Medium Term, A MultiYear perspective in expenditure planning and budgeting has been lacking in India. Theoretical and Empirical studies relating to International and National Experience of Medium Term Fiscal, Budget and Expenditure Frameworks gave an idea to pertaining further studies.
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| Document Type | : Research Paper |
| Publication date | : July 11, 2018 |